CAR HIRE CHARGES INCOME

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TAX CONSULTANT
152 Points Posted on 28 May 2023
WHERE IS SHOWN CAR HIRE CHARGES INCOME IN IT RETURN 4 IN U/S 44AD OR 44AE
PLEASE REPLY SIR
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On 28 May 2023 at 22:44 Report
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Quick Summary
This discussion clarifies the tax treatment of car hire charges income. If your income stems from operating, hiring, or leasing goods carriages, you may be eligible for Section 44AE. However, if the hiring pertains to passenger transport or other services, Section 44AE is not applicable.

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Profession
28252 Points Posted on 29 May 2023
Zitrelevant question.
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On 29 May 2023 at 06:26
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Pivate
1492 Points Posted on 29 May 2023
Query is not clear
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On 29 May 2023 at 07:26
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CA
10436 Points Posted on 29 May 2023
If your income relates to plying, hiring or leasing of goods carriages then you can opt 44AE. But if the hiring is for transport of passengers or other then you cannot opt 44AE.
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On 29 May 2023 at 08:20

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