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44ae applicability

This query is : Resolved 

12 December 2013 I HAVE 2 COMMERCIAL VEHICLE AND WAS SUBMITTING THE RETURN IN 44AE.
NOW MY THESE TWO COMMERICAL VEHICLE ARE PLYING UNDER EXCLUSIVE CONTRACT WITH INDIAN OIL CORPORATION IN MY NAME (ME AS A CONTRACTOR). CAN I STILL CONTINUE TO FILE MY RETURN UNDER SECTION 44AE


12 December 2013 yes.. you can continue to claim deemed taxation under 44AE.

13 December 2013 yes you can in this case.


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