Passenger vehical tax treatment

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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2015 goods carriage covered u/s 44AE what about passenger carriage ?

Rajesh Kumar (Expert)
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22 September 2015 It is an eligible business under Section 44AD if the turnover is less than 60L.

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2015 thanx however turnover less than 60L means?

Rajesh Kumar (Expert)
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22 September 2015 Gross receipt from the business is less than 60 Lakhs.

CA R SEETHARAMAN (Expert)
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23 September 2015 Mr. Rajesh Kumar is it not less than 1 crore.

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Rajesh Kumar (Expert)
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23 September 2015 Seetharaman, Thanks for the correction.... we lawyers fighting Income Tax cases are always a few years delayed. Thanks a lot.

CA R SEETHARAMAN (Expert)
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24 September 2015 You are welcome.............

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