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Income from Taxi hire charges - whether covered u/s 44AE.

This query is : Resolved 
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(Querist)
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
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HUZAIFA HUSSAIN

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HUZAIFA HUSSAIN (Expert)
21 March 2009 SECTION 44AE OF THE IT ACT IS VERY CLEAR. IT IS APPLICABLE TO GOODS CARRIAGE ONLY.
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HUZAIFA HUSSAIN

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HUZAIFA HUSSAIN (Expert)
21 March 2009 SECTION 44AE OF THE IT ACT IS VERY CLEAR. IT IS APPLICABLE TO GOODS CARRIAGE ONLY.
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Deepak Goel

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Deepak Goel (Expert)
03 April 2009 Yes, I am agree with Hussain
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