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JCB machine income can covered US 44ad or US 44ae

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(Querist)
26 July 2024 income earned form JCB machine on hire basis to individual can be covered US 44AD or 44AE
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2024 Under which section TDS has been deducted?
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Manish

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Manish (Expert)
26 July 2024 Under section 44AD. 44AE is for goods carriages.
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VIKAS KUMAR SHARMA

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VIKAS KUMAR SHARMA (Querist)
26 July 2024 no tds deducted, worked for individual in previous year
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2024 Generally declared under business head, if no rental contract. So, one can opt for Sec. 44AD IT act.
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VIKAS KUMAR SHARMA

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VIKAS KUMAR SHARMA (Querist)
26 July 2024 Thank you very much SIR
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2024 You are welcome.

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