Info abt 44ab, 44ae and 44af

Tax queries 1068 views 3 replies

I need an general overview abt that 44ab, 44ae and 44af acts. Please give me some details on it.

Replies (3)

44ab is about audit of accounts.

44ae is presumptive income of the assesses carrying on the business of plying leasing ort hiring of trucks.

44af is the presumptive income of assesses engaged in the retail business whose gross receipts doesnot exceed 40 lakhs.

i have some 44 rule out of this is applicable for goods trains...which suits of above then??

sec 44AF doesn't apply on goods train the word goods vehicle is used in this sec.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register