Sec 44AE for goods carrige

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R.vadivel

Accountant

143 Points Joined December 2018

sir
we have own one light weight goods carrige and I have file 44ae and declere profit 240000 per anum but we have calculate 20000 per month so we have declared above 7500 per month. please clarify sir this transaction

Replies (1)

Smit Shah

524 Points Joined June 2020

In section 44ae there is clearly mentioned that 7500 per month or part thereof or actual amount claimed by assessee as the case may be hence you have properly filed the return