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Section 44 ae (ownership of vehicle)

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2018 Assessee uses 2 commercial vehicles for transport business

One vehicle is in his own name

Second vehicle is in the name of his father

Can he claim income from BOTH the vehicles under Section 44 AE???
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 March 2018 No he can claim on one vehicle owned by him.

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