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EASYOFFICE

44ae or 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 January 2016 my client have bus and it is engaged to apsrtc & hot 20,00,000 receipt for one year

now my doubt is under which section is applicable to fie his return U/s 44AE or U/s 44AD

because it is bus so transport vehicle so i can file U/s 44AE
it is engaged to apsrtc so it is contraction so i have file U/s 44AD
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 January 2016 44AE applicable only for trucks. File return u/s 44AD.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
01 February 2016 You can file return as contract income U/s 44AD
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