a) if assessee owns 2 heavy vehicles having (gross weight 28000kg) but the vehicle was not in use during the year still it deemed income has to be offer for the purpose of income?
b)
and what if he owns 2 heavy vehicle but doesn't want to opt sec 44AE and maintain book of account. Can he just file ROI through ITR 3 or has to conduct audit?
Menu
Sec 44AE for heavy vehicles.
Replies (2)
Did he do audit in previous years
Audit was not done in previous year
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
