partnership firm itr s 44ae
This query is : Resolved
13 August 2016
a parnership firm is doing business of plying hiring and is providing 7 truck to iocl company in which 4 truck are owned by the partner of the firm and 3 truck is attched with the firm of one individual. so my question is that how the itr of firm will file, is the 7 truck will be assume for firm truck and tax will be charged accordingly or four trucks of partner will be charged as firm trucks or partners other trucks which is not used in firm will have any tax impact in firm. guide me urgent
16 August 2016
All the 7 trucks are not owned by the firm hence 44AE benefit can't be claimed by the firm.
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