WHERE IS SHOWN CAR HIRE CHARGES INCOME IN IT RETURN 4 IN U/S 44AD OR 44AE
PLEASE REPLY SIR
3 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 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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