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Income us 44ae

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2011 can i so other vehicles income 9500 per month .i have four wheeler vehicles.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
29 July 2011 If the section No starts from 44, it does not mean that this section is made for all the vehicles having 4-4 wheels.

The Section applies to Goods Carriages having 4 or 6 or more wheels. It does not applies to Motor Cars running on hire for the transportation of passengers.
.
However if your query is about Goods Carriages only you can show higher income.
For other than Goods Carriage you can show income as a percentage of your Gross receipts U/s 44AD.
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