Sir,
one of my client who is engaged in transportation of goods carriage during the FY 2019-20 having total receipt of freight charges of Rs.866000 on which TDS has been deducted @ 1% u/s 194C
can I show income around 481000 u/s 44AE as total amount actually have been earned by my client.
will he get intimation u/s 143 if he show 481000 as his income from PGBP
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Sec.44AE clarification
Replies (4)
How many trucks does he have ???
Only one pickup vehicle
You can show 481000 as income under sec 44AE - PGBP. You can always show higher income. Ensure to maintain books of accounts and prepare financials for future reference.
Vikram
issue is not clear.
pls elaborate.
issue is not clear.
pls elaborate.
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