44AE under IT Act

whether to applicability of sec 44AE ownership of vehicles is mandatory by assessee.
Replies (2)
Quick Summary
This discussion clarifies the applicability of Section 44AE of the Income Tax Act concerning vehicle ownership. It confirms that individuals owning fewer than 10 trucks can opt for this presumptive taxation scheme. The consensus is that ownership of these vehicles is a key factor for eligibility under Section 44AE.

Yes , Less  than 10   vehicles (Trucks)  owner   can opt  for  Sec44  AE  of the I T act . 

Agree with prasad

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details