Income from Taxi hire charges - whether covered u/s 44AE.
This query is : Resolved
21 March 2009
DEAR FREINDS,
MY QUERY IS THAT MY FREIND IS RUNNING OF TAXI HIRING SERVICE.
HE HAS OWN 6 TAXI & ARRANGE TAXI OF OTHERS ON COMMISSION BASIS.
HIS TOTAL GROSS RECEIPT FOR THE YEAR 12 LACS.
WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS U/S 44AA ?
WHETHER HE CAN OPT SECTION 44 AE RELATING TO ESTIMATED INCOME OF BUSINESS PLYING/HIRING OF TRUCKS ?
PLEASE TELL ME.
THANKS & REGARDS
CA. B.K.BANSAL
MY QUERY IS THAT MY FREIND IS RUNNING OF TAXI HIRING SERVICE.
HE HAS OWN 6 TAXI & ARRANGE TAXI OF OTHERS ON COMMISSION BASIS.
HIS TOTAL GROSS RECEIPT FOR THE YEAR 12 LACS.
WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS U/S 44AA ?
WHETHER HE CAN OPT SECTION 44 AE RELATING TO ESTIMATED INCOME OF BUSINESS PLYING/HIRING OF TRUCKS ?
PLEASE TELL ME.
THANKS & REGARDS
CA. B.K.BANSAL
21 March 2009
SECTION 44AE OF THE IT ACT IS VERY CLEAR. IT IS APPLICABLE TO GOODS CARRIAGE ONLY.
21 March 2009
SECTION 44AE OF THE IT ACT IS VERY CLEAR. IT IS APPLICABLE TO GOODS CARRIAGE ONLY.
03 April 2009
Yes, I am agree with Hussain
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 Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Minimum tax payable to file Updated return
- Tds on commission charges
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- FAST-DS Scheme - Foreign Assets
- CHECK RELATED
- Tax rate change regarding
- Need Professional Opinion AY 2012-13 Old Demand
- TDS on purchase of under construction property from a reseller
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- 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
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
Quick Links
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
