Income from jcb machine
This query is : Resolved
20 March 2014
My Client have a JCB Machine and 4 Tractor.
he does not Maintain Any books of accounts and use the above machines in local work ......
In which bases I file his Income Tax Return...(1)under regular bases
(2)under 44AD or
(3)under 44AE
he does not Maintain Any books of accounts and use the above machines in local work ......
In which bases I file his Income Tax Return...(1)under regular bases
(2)under 44AD or
(3)under 44AE
20 March 2014
1. Section 44AE is applicable only for GOODS CARRIAGES.
JCB & Tractor are NOT goods carriages.
Accordingly the assessee is NOT covered u/s 44AE.
2. The assessee can avail benefit of Section 44AD.
JCB & Tractor are NOT goods carriages.
Accordingly the assessee is NOT covered u/s 44AE.
2. The assessee can avail benefit of Section 44AD.
Message likes :
1 times
20 March 2014
TRACTOR ARE NOT COVER UNDER 44AE............
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
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- If there is Long term capital gain exists how much total income to be considered
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
