Income tax section 44ae

This query is : Resolved

MOHD AZID (Querist)
Follow

12 March 2015 My client doing the transport business. He has not own any trucks. He received order from paper mills on phone. Then he calls to truck owners, after that truck owners send their trucks to paper mills & my client issue his transport firm bilti. My client received all freight payment by cheques from paper mills & made cash payment to truck owners. can my client file his ITR u/s 44AE? If not, then tell other provisions.
Looking for earliest reply.
Regards

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

12 March 2015 no as only the owners of truck can make use of sec 44AE...U need to file itr 4 or 4S only

MOHD AZID

MOHD AZID (Querist)
Follow

12 March 2015 My client & his other 4 brothers & his mother sold urban parental agriculture land for Rs. 1 crore through a single registry. All 6 indidiuals were nominees of said agriculture land. All 6 individuals purchased further agriculate land for Rs. 1 crore in the name of mother only.

can all 5 brothers claim deduction u/s 54B?

looking for earliest reply.
Regards

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

12 March 2015 https://www.caclubindia.com/experts/capital-gain-2021059.asp

MOHD AZID

MOHD AZID (Querist)
Follow

12 March 2015 Thanks Tushar Sir for your valuable reply.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

12 March 2015 you are welcome mohd azid.............

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vimlesh kumar

S. AGARWAL & ASSOCIATES

Krishnan V

Devendra Singh Jyala

Ishwar Radhakisan Tawani

Subscribe Now

Income tax section 44ae

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

GST CONSULTANT

Manager- Finance and Compliance

Article Assistant

GST CONSULTANCY