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Income Tax Return for Goods Transport Agency
Sir, If an individual owns 5 Goods Carrages having 4 wheeled Vehicles, can he opt for presumptive bases Income Tax filing under section 44AE? And what will be the business code in the itr??
Replies (7)
Yes, you can opt for sec. 44AE. No need of business code, as separate tab allotted for sec. 44AE.
thank you sir, is sec. 44AE also applicable for 4 wheel goods carriage?
Yes ... if recorded as goods carriage as per RTO.
the expressions "goods carriage", "gross vehicle weight" and "unladen weight" shall have the respective meanings assigned to them in section 2 of the Motor Vehicles Act, 1988 (59 of 1988)
thank you sir, for this valuable reply .
can I filed return 44AE Income from jcb
A individual having 2 vehicle and 2020-2021 amount has been credited in his account is 51,11,360.00. He will file ITR-4 in 44AD or 44AE.
A individual having 2 vehicle for goods and carriage and 2020-2021 amount has been credited in his account is 51,11,360.00. He will file ITR-4 in 44AD or 44AE.
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