Vehicle hire charges
This query is : Resolved
21 November 2018
MR.A have 2 transport vehicles, which he given to ABC ( A registered firm) on contract basis , on a monthly rent Rs.15,000/- and Rs.16,000/- .Got all amounts in cheques , through bank.
Can Mr.A , show this income under presumptive basis .I.e Rs.7500 for 12 months.
kindly give your valuable suggestions...
Can Mr.A , show this income under presumptive basis .I.e Rs.7500 for 12 months.
kindly give your valuable suggestions...
22 November 2018
Yes he can opt for presumptive basis of 7500 for 12 months.
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