Heavy vehicles rent income in itr - 3 for a.y 2019-20
This query is : Resolved
06 June 2019
Sir, I have a Client who have income from Sale and Also Having Income from Heavy Vehicles & Equipment Hire Charges. Now i need to know that can I show the Hire Charges Income with the Sale in Profit and Loss A/c?? and How to show the Hire Charges income in ITR - 3?? One more thing - Can i Calculate More than 8 % profit on Sale + Hire Charges Income??
07 June 2019
for heavy vehicle you need to opt for 44AE
10 June 2019
Sir, I am asking for account preparation not for ITR Return Preparation. Please Help me on the topic for Accounts Preparation.
10 June 2019
Your query has the words ITR-3......what does that ITR-3 mean? Do you mean ITR = Accounts?
31 July 2019
Sir, I already asked in my question that "can I show the Hire Charges Income with the Sale in Profit and Loss A/c??" I mean can i take both sale and hire charges income together in Profit and Loss A/c when i prepare the account?
31 July 2019
if you want to opt for 44AE, then show it separately. Else you can club it together
01 August 2019
Thank you very much...
01 August 2019
you are most welcome.
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