EASYOFFICE
EASYOFFICE
EASYOFFICE

Sec 44 ae

This query is : Resolved 

26 December 2013 my client has 4 trucks on rent. a company which is hiring the truck is not deducting tds from rent. form no 26As showing only rent amount u/s 194c which received by he. can he claim 5000 p.m. u/s 44ae as declare income or fill ITR-4 as per 26as amount.

26 December 2013 Yes he is eligible for Section 44AE and can show Rs. 5,000 per month per truck in the return.

He will file ITR4S.

26 December 2013 Is it concern how much he earn from one truck?


28 December 2013 His actual earning is irrelevant.

The only condition is that he should own not more than 10 trucks at any time during the year.



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