Sec 44ad of the IT act

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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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