Income tax section 44ae
This query is : Resolved
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
Looking for earliest reply.
Regards
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
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
can all 5 brothers claim deduction u/s 54B?
looking for earliest reply.
Regards
12 March 2015
https://www.caclubindia.com/experts/capital-gain-2021059.asp
12 March 2015
you are welcome mohd azid.............
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