Section 44ad urgent
Querist : Anonymous
One of my client runs 2 buses on the basis of per KM contract with U.P. roadways. His gross payment for the FY 2011-12 is around 17 lacs and thereon the tds is deducted @1% u/s 194C. Whether he can opt Section 44AD or he has to go for Section 44AE. In my view Section 44AE is only meant for goods carriage vehicles whereas bus carries to passanger not to goods.
Please advise me.
Querist : Anonymous
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