Sec 44ad of the IT act
Ratnadeep Dasgupta (Student) (40 Points)
11 April 2020
Can plying of taxi cab be computed u/s 44ad income !!
4 Replies
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 11 April 2020
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 .
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 11 April 2020
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.
Ratnadeep Dasgupta
(Student)
(40 Points)
Replied 11 April 2020
Ohk thanks a lot for your valuable advice
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 11 April 2020
@ Naveen Chand:
44AE is only applicable in case of goods carriage.
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