Vehicle finance &sec 44ad

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 May 2014 respected sir,
whether vehicle finance business (where the income is in the nature of interest )is eligible for declare income under sec 44ad or not .please discuss

09 May 2014 well, per say it should be included as it is not excluded from the definition of eligible business. However, there is one question, ensure that you have proper license/permission to carry on vehicle finance business before you make any tax filings for the same


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Follow us
OR add as source on Google news


Answer Query