44 ae
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2013
Sir,
My client is mini truck owner for the past several years u/s 44AE. For Asst year 2013-14 His truck is retired from active use after the use of 3 months because of heavy repair cost. Now my query is will his income is 4500x3=13500 or 4500x12=54000 because he is still owner of the vehicle
My client is mini truck owner for the past several years u/s 44AE. For Asst year 2013-14 His truck is retired from active use after the use of 3 months because of heavy repair cost. Now my query is will his income is 4500x3=13500 or 4500x12=54000 because he is still owner of the vehicle
Rupesh Jain
(Expert)
01 August 2013
yes you have to declare above income
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