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Sec 44 AE
person having Transport business owning less than 10 vehicles But have turnover Rs 1.28 crore whether he opt for Sec 44 AE or He has to audit his books
Replies (8)
better to opt sec 44ab
Raja sir as per section 44AD sub section 6 (b) business of playing , hiring , or leasing of goods carriage not applicable for section 44 AD of income tax act , so I think he is eligible for 44AE
Dear.,
I wrote sec 44 AB...
I wrote sec 44 AB...
as in sec 44 AE there is no limit for T/o only vehicle s limit can I go for 44AE as the the assessee not have any record
So sorry Raja sir ,yes it's 44ab
My Dear Mr Prasad Nilugal., No need sorry and no apologies. It's just a mis-visible matter. Even it's faced by all. So, COOOOOOL Dear...
@ Mr. CA Nilesh., Yes can file u/s 44AE... GOOD LUCK...
I ma facing problem while uploading return T/o exceeds 1 crore audit required
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