Income Tax us 44Ad
R Hiremath (articleship) (137 Points)
08 September 2022
Is it ok to file Income Tax of Transport business under section 44ad, as his turnover is more than 1 Cr.
R Hiremath (articleship) (137 Points)
08 September 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 08 September 2022
Does he own any vehicle?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 08 September 2022
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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