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
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