Receipt from renting heavy goods vehicle
This query is : Open
19 May 2025
DEAR SIR,
ONE OF MY CLIENT RENTING HIS 12WHEELS HEAVY VEHICLE FOR SO MANY COMPANIES. HIS PREVIOUS YEAR RENTAL INCOME RS. 407006/-(154551/87900/164555) FROM ALL COMPANIES. NO ONE HAS BEEN DEDUCTED TDS.
AND ALSO HIS UPI TRANSACTION NEARLY ABOVE 40LAKHS PER ANNUM. RECEIVED FROM RENTING VEHICLES.
IN THIS CASE CAN WE DECLARE BUSINESS INCOME U/S 44AD
YOUR GUIDENCE MUCH NEEDED
THANK YOU
ONE OF MY CLIENT RENTING HIS 12WHEELS HEAVY VEHICLE FOR SO MANY COMPANIES. HIS PREVIOUS YEAR RENTAL INCOME RS. 407006/-(154551/87900/164555) FROM ALL COMPANIES. NO ONE HAS BEEN DEDUCTED TDS.
AND ALSO HIS UPI TRANSACTION NEARLY ABOVE 40LAKHS PER ANNUM. RECEIVED FROM RENTING VEHICLES.
IN THIS CASE CAN WE DECLARE BUSINESS INCOME U/S 44AD
YOUR GUIDENCE MUCH NEEDED
THANK YOU
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Invoice Received but goods received on Later Date.
- Section 271AAC
- TDS on Professional Charges U/s 194J for FY 2025-2026
- GST on Restaurant service
- Huf deed copy
- LOI instead of Rent agreement for place of business in GST
- Two Different GST Numbers - Same Company Name and Same Premises Address
- TV-3169 error in my TDS Return
- TDS DEDUCTION ON PAYMENT OF LOAN TO DIRECTOR
- Stock trading as Business
- LTCG Calculation after de-merger of a Cos
- REGARDING GST NEW UPDATE OF GSTR-1 TABLE 12 (HSN)
- SALE TO E COMMERCE
- NEGATIVE LEDGER BALANCE
- Forgot HSN wise summary in March 2025
- HSN Reporting for B2c in GST-1
- Declaration for Finance company name approval under rule 8A(1)(p)
- Section 31 ( 3) g
- Query regarding Meeting in One Person Company (OPC)
- Revised GSTR-1 & GSTR-3B for March 2025
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
