44AE under IT Act
Online Query (CA Final Student) (120 Points)
01 March 2021
whether to applicability of sec 44AE ownership of vehicles is mandatory by assessee.
2 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14863 Points)
Replied 01 March 2021
Yes , Less than 10 vehicles (Trucks) owner can opt for Sec44 AE of the I T act .
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