banner_ad

Sec. 44AE

Tax queries 731 views 3 replies

Please tell me that can i file my return of income by assuming my income U/s 44AE while i have 4 truks and a annual turnover of Rs. 79 lakh in Previous Year 2009-2010 and Asst. Year 2010-2011and a sum of Rs. 76000/- deducted as TDS in by transportor.

Replies (3)

No you can not take benefit of section 44AE because your turnover is more than audit limit.

In my view Section 44AA and 44AB will not be applicable when the income is being shown U/s 44AE.

yes you can. the rule under section 44AE is;

if you have the total no. of vehicles less than 10 during the previous year you can cliam your income at

heavy goods vehicle-per vehicle rs.5000

other than heavy goods vehicle-per vehicle rs.4500

the turnover does not matter

you can disclose the higher income

if you want cliam at less income other than rs.5000 or rs.4500 then you have maintain books of accounts as per section 44aa and get it audit under section 44ae


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details