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44AD on renting of plant and machinery

This query is : Resolved 
Quick Summary
Income from renting plant and machinery, other than goods carriages, can be declared under Section 44AD subject to eligibility conditions under the Income Tax Act.

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(Querist)
23 February 2022 Income from renting of plant and machinery other than goods and carriage can be declared under 44ad or not?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 February 2022 Yes, 44AD applicable.
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