44ae

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MANISH SETPAL (Querist)
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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 ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 August 2019 Yes he can opt it for his 3 vehicles.

MANISH SETPAL

MANISH SETPAL (Querist)
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05 August 2019 is audit not required even if sale is more than 2 Crore ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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