Section 44 ae (ownership of vehicle)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2018
Assessee uses 2 commercial vehicles for transport business
One vehicle is in his own name
Second vehicle is in the name of his father
Can he claim income from BOTH the vehicles under Section 44 AE???
One vehicle is in his own name
Second vehicle is in the name of his father
Can he claim income from BOTH the vehicles under Section 44 AE???
16 March 2018
No he can claim on one vehicle owned by him.
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