Advice for section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2011
i am doing business of vehicle on rental basis. can i cover under section 44AD.
company where i supply vehicle is deduct
a TDS @ 10% under section 194I.
my total turnover for FY 2010-11 is Rs.45Lacs Apx.
pl advice me for how to file my return for FY 2010-11
Thanking you,
regards
Jayesh
company where i supply vehicle is deduct
a TDS @ 10% under section 194I.
my total turnover for FY 2010-11 is Rs.45Lacs Apx.
pl advice me for how to file my return for FY 2010-11
Thanking you,
regards
Jayesh
05 December 2011
You have to give further information as regards the vehicles and ownership.
.
Goods Carriages owned by you -Refer Section 44AE.
.
Passenger vehicles-- 44AD can be adopted for showing presumptive income.
.
Goods Carriages owned by you -Refer Section 44AE.
.
Passenger vehicles-- 44AD can be adopted for showing presumptive income.
Message likes :
1 times
05 December 2011
I would like to add to the Paras sir's Comment,
If you own less than 10 vehicle than you can avail the said benifit.
If you own less than 10 vehicle than you can avail the said benifit.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
