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Section 44ae

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2019 Dear Experts,

Need clarification on the below:

To claim the benefit under section 44AE, assessee must be owner of the vehicle?
in our case assesse individual, who is using 2 vehicles ( Friend is the owner ) to transport the goods of compnay and company dedcuted TDS. for using friends vehicle he wil pay some amount every month.
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CA Kamlesh Kukreja

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CA Kamlesh Kukreja (Expert)
14 January 2019 Ownership of Vehicle is must For Sec 44AE
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2019 Thanks Sir for your quick response
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