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.

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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