Section 44ae with 44ad
This query is : Resolved
11 September 2015
Hi dear experts,
pls clarify to this doubt,
my frnd attached some vehicles to Courier company and they are deducting tds under 194IA @ 2% and total 10 vehicles are there, 1 is owned rest are others as sub contract so can he file his ITR by using 44AE as Rs.7500 per vehicle for all 10 vehicles .. ??
12 September 2015
For availing 44AE benefit owning not more than 10 vehicle is the condition. Hiring part of the vehicles will not be covered under 44AE.
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