Section 44ae
This query is : Resolved
07 December 2011
One assessee owns three three wheeler goods carriage (mahindera brand). Whether these would fall within the purview of Section 44AE. Whether income would be 4500x3x12=162000.Please answer urgently.
08 December 2011
Hi,
If its used for Plying Goods on Hire, then yes.
The Calculation done above in ur query is sufficient.
Thanks
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
If its used for Plying Goods on Hire, then yes.
The Calculation done above in ur query is sufficient.
Thanks
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
09 December 2011
Where three wheeler used for Commercial purpose, then the above calculation is correct.
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