Income Tax us 44Ad

Is it ok to file Income Tax of Transport business under section 44ad, as his turnover is more than 1 Cr.
Replies (3)
Quick Summary
This discussion addresses whether a transport business with a turnover exceeding £1 million can file its Income Tax under Section 44AD. The consensus is that while it can be declared as normal business income, Section 44AD is not applicable if the business involves hiring goods vehicles, regardless of vehicle ownership.

Does he own any vehicle?                

No Sir

Yes, it can be declared under normal business, but not under sec. 44AD of the act if involved in hiring any goods vehicle..

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