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Sec 44ad of the IT act
Can plying of taxi cab be computed u/s 44ad income !!
Replies (4)
Sec 44AE is most appropriate in your case if you do not own more than 10 cabs.
then you can go for the presumptive income .
Yes you can use the benefit of section 44AD.
If you are only receiving commission from that plying of taxi cab then 44AD wont be applicable.
Ohk thanks a lot for your valuable advice
@ Naveen Chand:
44AE is only applicable in case of goods carriage.
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