Section 44 ae

This query is : Resolved 

02 January 2017 U/S 44 AE- CAN I DECLARE MORE PROFIT UNDER THIS SECTION WHAT PRESCRIBED

03 January 2017 According to Section 44AE Any Taxpayer who wons not more than 10 Goods Carriage and is engaged in the business of plying hiring or leasing of Goods Carriage , his income would be deemed to be Rs. 7500/- per Goods Carriage per month.
Rs. 7500/- Per Goods carriage per month its minimum income but you can show maximum income as per your convenience.

03 January 2017 44AE is presumptive income minimum Rs.7500/- PM Per Vehicles maximum 10 vehicle.




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