Section 44AE
This query is : Resolved
01 April 2017
Hi Sir
One of my friend purchased a Piaggio carriage Vehicle in his name and another carriage vehicle on other name. He is getting a cheque of nearly Rs.30000 per month from a company after deducting TDS
How this Income should be shown apart from these he is getting a salary Rs.240000 per annum from the same company
Which ITR form is applicable?
Please suggest
Thanks
03 April 2017
He can show income from carriage vehicle u/s 44AE which is required to be shown minimum Rs 7500/- per month i.e. 90000/-.
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