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
CA PARAS BAFNA
(Expert)
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
CA. Rajesh P. Ahir
(Expert)
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
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
