Transport & labour contract it section 44ad or 44ae ?

We are owning 1 heavy Transport vehicle & 1 light Transport Vehicle doing GoodsTransport business

as well as Labour Transport business, Ratio is about 70 : 30 basis. Total turnover is less than 60 laks

about 58.5 lakhs

Kindly advice which is most appropriate section  for us; i.e. 44AD or 44AE ? Thank you very much for your

kind help.

Valerian Dsouza

Accounts Manager

 

Replies (2)

Could you please share, for which AY you are asking the question.

Originally posted by : goutam

Could you please share, for which AY you are asking the question.

It is for Assessment Year 2011-12.  Information is required for filing of Income Tax Return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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