Section 44ae
This query is : Resolved
Kanchan Girdhar
(Querist)
16 April 2013
sir suppose i have 9 trucks and out of these,5 trucks are used in my business along with trucks which are taken on hire and books of accounts are maintained and for remaining 4 trucks i follow the provisions of sec 44AE whether it can be possible??
Dintakurthi Tirumala
(Expert)
16 April 2013
For all 9 trucks you have to follow Provisions of section 44AE. Eventhough trucks taken on hire basis then also section 44AE applicable to such trucks also.
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