Direct Tax

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This discussion clarifies whether a person operating trucks on contract for coal movement should use Section 44AD or 44AE of the Income Tax Act. Section 44AE specifically addresses businesses involved in plying, hiring, or leasing goods carriages. Section 44AD is designed for small taxpayers but explicitly excludes businesses covered under Section 44AE.

Ajay Dwivedi

Ajay Dwivedi (Querist)
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16 February 2020 a peron having truck and runs them on contract for movement of coal. Whether 44AD can be adopted or 44AE??

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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16 February 2020 44AE will be applicable

Eswar Reddy S

Eswar Reddy S (Expert)
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29 February 2020 plying,hiring - there is specific provision. Check 44AE , if you are eligible ,you may opt it

Aashok Kumar Sharma

Aashok Kumar Sharma

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26 May 2020 The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses: > Business of plying, hiring or leasing of goods carriages referred to in section 44AE.

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