1) can we show hired vehicle u/s 44AE ? or only owned ones are required to be shown?
2) what if turnover of 44AE is more than 20 lakhs ...is assessee required to be registered under gst ?
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Quick Summary
This discussion clarifies Section 44AE of the tax code, confirming that only owned vehicles are eligible for this scheme, not hired ones. It also addresses GST registration, stating that it is compulsory if your Section 44AE turnover exceeds £20,000.