Transportation of students
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2016
A person is running buses for transportation of school kids. how is the person taxable under income tax.
05 December 2016
It it is a school bus then he must be receiving wages(salaries) for his services, then it will b taxed as income from salaries. And if it is his personal bus(maintenance charges borne by driver) then it will b treated his business income.
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2016
is presumptive section applicable i.e. 44AE
06 December 2016
Please refer the following link for Sec 44E:-
http://taxguru.in/income-tax/all-about-section-44ae-of-income-tax-act-1961.html
http://taxguru.in/income-tax/all-about-section-44ae-of-income-tax-act-1961.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Inventory of finished goods
- TDR receipts for agreement holder
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
