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44ae or 44ad

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(Querist)
02 July 2014 Hi, I want to file ITR for one my friend who owns JCB Caterpillar Backhoes under presumptive income scheme.Now only qstn remain, does it fall under 44 AE or 44 AD?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
02 July 2014 If he owns vehicles carrying of goods and using for Goods transport business then only Section 44AE otherwise it is u/s 44AD.

OM SAI SRI SAI JAI JAI SAI
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Rupesh Jain

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Rupesh Jain (Expert)
03 July 2014 vehicle carrying goods then u/s 44AE otherwise u/s 44Ad.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 October 2021 JCB is not goods carriage, so its income can be declared under 44AD of IT act.
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