44AE and 44AD
SUMIT KARESIA (155 Points)
19 July 2018
Does Transporter can take benefit of Section 44AD instead of 44AE?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182883 Points)
Replied 19 July 2018
No.... Specifically restricted...
"eligible business" for section 44AD means,—
(i) any business except the business of plying, hiring or leasing goods carriages referred to in section 44AE; and
(ii) whose total turnover or gross receipts in the previous year does not exceed an amount of [two crore rupees].
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