Easy Office
LCI Learning

Section 44AE

This query is : Resolved 

27 March 2017 In sec. 44AE if at the beginning of the year in April assessee has 9 goods carriage and then from May they increased say 20 then also estimated income if Rs. 7500 pm. I.e 7500*9*1+7500*11*20. Here wording of section is who own not more than 10 goods carriage at "any" time..? Whether this will be calculated as above?

27 March 2017 If assessee owns more than 10 goods carriage at any time during the year then he will not be eligible for section 44AE

28 March 2017 You mean to say as in sec 194C there is a circular 19/2015.. the same reasoning of that circular applied here


24 October 2021 Yes, take the meaning of "anytime" in the act..



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query