44ae
This query is : Resolved
04 August 2019
can a person having 3 goods transport vehicle total sale in 18-19 2,34,00,000.00, opt taxation under 44AE ?
05 August 2019
Yes he can opt it for his 3 vehicles.
05 August 2019
is audit not required even if sale is more than 2 Crore ?
05 August 2019
Tax audit not required if you opt for 44AE. For 3 vehicles 2.34 crore turnover not possible.Income from hired vehicle will not fall under 44AE.
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