Minimum income under section 44 ae
This query is : Resolved
28 July 2014
what is the new minimum income under section 44 ae for light goods vehicle
is it changed or 4500 as earlier
is it changed or 4500 as earlier
28 July 2014
There is no change in Section 44AE. The minimum income is 5000 per truck per month for Heavy vehicle & 4500 per truck per month for other than Heavy vehicle
Message likes :
1 times
28 July 2014
in a.y 2015-16 is it same but in budget i thing there is some change in this section
28 July 2014
For AY 2015-16 the limit is a uniform limit of Rs. 7500 per vehicle per month irrespective of the type of vehicle. This is as per Finance Bill 2014.
CA UMESH DULAL
(Expert)
28 July 2014
For AY 2015-16, the amount is increased to 7500 pm for all types of vehicle.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- Capitalgain tax purposes for valuation report compulsory
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- TDS on Fixed Assets purchased
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
