Sec 44 ae
This query is : Resolved
abhishek pisat
(Querist)
26 December 2013
my client has 4 trucks on rent. a company which is hiring the truck is not deducting tds from rent. form no 26As showing only rent amount u/s 194c which received by he. can he claim 5000 p.m. u/s 44ae as declare income or fill ITR-4 as per 26as amount.
26 December 2013
Yes he is eligible for Section 44AE and can show Rs. 5,000 per month per truck in the return.
He will file ITR4S.
He will file ITR4S.
Message likes :
1 times
abhishek pisat
(Querist)
26 December 2013
Is it concern how much he earn from one truck?
28 December 2013
His actual earning is irrelevant.
The only condition is that he should own not more than 10 trucks at any time during the year.
The only condition is that he should own not more than 10 trucks at any time during the year.
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
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
