Section 44AE
This query is : Resolved
11 April 2025
Mr. A started transport business and purchased 3 trucks in the FY 2024-25. Invoice date of Truck 1 is 7.8.2024, invoice date of Truck 2 is 31.8.24 and invoice date of Truck 3 is 28.8.24. Registration date ( RC date ) of Truck 1 is 16.11.2024, registration date of Truck 2 is 22.11.2024 and registration date of truck 3 is 27.01.2025. My question is that for the purpose of presumptive taxation u/s 44AE what is the no of month owned the vehicle ? Whether no of month calculated from invoice date or from registration date.
11 April 2025
From registration date.
11 April 2025
Thank You Sir..............
11 April 2025
You are welcome.
29 September 2025
Good luck..
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
