12 June 2014
Our client is engaged in MATERIAL MOVEMENT CONTRACT AT ONLY A COMPANY. He has 10 TRACTORS on RENT to move the materials. His TDS is deducted U/s. 194 C during A.Y. 2013-14.
I filed ITR 4S with Section 44AD. Is 44AE is applicable for the same. The material movement is INHOUSE for the company which he works.
Now, Guide on this. Current year should I file with 44AD or 44AE.
12 June 2014
When tractors use on rent, sec.44AE not applicable. Sec.44AE applicable on own tractors not on hire tractors. So you should file return with 44AD.
CAclubindia
