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..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details