Can a person show income under sec 44ae If he operates Heavy Goods vehicles that is if he is engaged in goods transport businees...........Thanks in Advance........
Syed Farzan (CA IPCC) 19 July 2012
Yes he can show his income under Sec 44AE.
Sohail (CA) 19 July 2012
My query is If a person does his own goods carriage business can he show his income u/s 44ae? I am not talking about Hiring or Lending of vehicles......
Syed Farzan (CA IPCC) 20 July 2012
M not sure but i think owning the vehicles also is covered in this section.