Section 44ae
This query is : Resolved
04 January 2014
Dear Expert,
I am into transport business of plying trucks for transporting cars to dealers like maruti, the trucks are not on my own name as they are financed. Can i take the benefit of section 44AE as the trucks are not in my name ? i have less than 10 trucks.
plz give some reference of case if any
Thanks in Advance
I am into transport business of plying trucks for transporting cars to dealers like maruti, the trucks are not on my own name as they are financed. Can i take the benefit of section 44AE as the trucks are not in my name ? i have less than 10 trucks.
plz give some reference of case if any
Thanks in Advance
04 January 2014
if you are engaged in the business of Plying or hiring
and whether the truck are hired or on instalment under finance
you will be treated as owner for the purpose of 44AE
and whether the truck are hired or on instalment under finance
you will be treated as owner for the purpose of 44AE
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
