Section 44 ae
This query is : Resolved
CHIDANAND MATTIHALLI
(Querist)
02 January 2017
U/S 44 AE- CAN I DECLARE MORE PROFIT UNDER THIS SECTION WHAT PRESCRIBED
Mithun Agarwal
(Expert)
03 January 2017
According to Section 44AE Any Taxpayer who wons not more than 10 Goods Carriage and is engaged in the business of plying hiring or leasing of Goods Carriage , his income would be deemed to be Rs. 7500/- per Goods Carriage per month.
Rs. 7500/- Per Goods carriage per month its minimum income but you can show maximum income as per your convenience.
Rs. 7500/- Per Goods carriage per month its minimum income but you can show maximum income as per your convenience.
KAVIRAJA ADDANGADI
(Expert)
03 January 2017
44AE is presumptive income minimum Rs.7500/- PM Per Vehicles maximum 10 vehicle.
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