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Rent income on car

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(Querist)
30 August 2014 I have business income from Rent a cab i.e. hiring a motor car. i have shown profit around 8% to 10%. under which section i have to file my return is it U/s. 44AD or 44AE or Required p/l a/c
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
30 August 2014 Section 44AD is applicable. Section 44AE is applicable for running goods transport vehicles
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Rupesh Jain

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Rupesh Jain (Expert)
30 August 2014 u/s 44AD will applicable.
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