44ae section itr

IF I HAVE 10 HEAVY MOTOR VEHICLE FOR TRANSPORT BUSINESS. MY RECEIPT ARE 1 CRORE 70 LAKH. CAN I OPT 44AE SEC OF INCOME TAX.

 

Replies (2)

YES, AS PER PROVISION OF THE ACT.

As per section 44AD applicable for any business except 44AE , agency business and commision & brokerage business.

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