44AE Income tax

D.Srinivasulu (B.SC) (202 Points)

17 September 2020  
good mng to all CA EXPERTS.
I HAVE TWO BUSES. CAN I DECLARED INCOME U/S 44 AE . THE TWO BUSES GIVEN TO CONTRACT TO APSRTC. I HAVE RECEIVED RECEIPTS FROM APSRTC WITH TDS 194C.IN THIS REGARD CAN DECLARE INCOME U/S 44 AE. BUS WEIGHT AROUND 17 TONNES.