Impose the tax u/s 44ae
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2014
truck used in business for transportation of vegetable as machinery may the ITO IMPOSE THE TAX U/S 44AE ON THE BASES OF OWNERSHIP OF MOTOR VEHICLE.
Nikhil Kaushik
(Expert)
20 August 2014
no. if you are in business of only transporting our own goods within your own premises or between your premises, then 44AE wont apply. However, where the goods are being transported for clients as a transporter, then 44AE will apply.
Rupesh Jain
(Expert)
22 August 2014
if you are doing business for carrying the goods for others then income will taxable u/s 44AE.if you are using in his business then o income will taxable.
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