Pying, hiring or leasing goods carriages u/s 44ae

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Querist : Anonymous (Querist)
15 February 2012 If a person carring business of Drive car on rent basis. then section 44Ae will be applicable or not. What will be rate of depreciation.

Because defination of goods carriage is complecated.

16 February 2012 Car is not a 'goods carriage' and hence 44AE can't be opted.


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