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.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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