Wrong section applied

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 Our client is engaged in MATERIAL MOVEMENT CONTRACT AT ONLY A COMPANY. He has 10 TRACTORS on RENT to move the materials. His TDS is deducted U/s. 194 C during A.Y. 2013-14.

I filed ITR 4S with Section 44AD.
Is 44AE is applicable for the same. The material movement is INHOUSE for the company which he works.

Now, Guide on this. Current year should I file with 44AD or 44AE.

Deepti Asawa

Deepti Asawa (Expert)
Follow

12 June 2014 When tractors use on rent, sec.44AE not applicable.
Sec.44AE applicable on own tractors not on hire tractors.
So you should file return with 44AD.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 IN ANY OTHER CASE IS THERE ANY NECESSITY FOR VEHICLE REGISTERED UNDER TRANSPORT (COMMERCIAL) SERVICES TO FOLLOW SECTION 44AE ?

Deepti Asawa

Deepti Asawa (Expert)
Follow

13 June 2014 No, it is not necessary.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

N N V Satish

Pushkar Nagda

Subbiah S

Suneel Shah

AKCJ INFO

Subscribe Now

Wrong section applied

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Accountant

Manager- Finance and Compliance

CA Final

GST CONSULTANT

GST CONSULTANCY