Return u/s 44ae

SHAAN (CA) (47 Points)

17 November 2017  

HI EVERYONE,

                        I HAVE ONE QUESTION REGARDING SECTION 44AE. IF I FILL MY RETURN UNDER SECTION 44AE AND I  AM OWNER OF TEN TRUCKS DURING THE LAST FINANCIAL YEAR. AND MY BANKING TRANSACTION IS AROUND 8CR. THAN IT DEPARTMENT CAN ASK ME TO SUBMIT ANY DOCUMENT REGARDING TRANSACTION?. IF YES, THAN WHAT KIND OF DOCUMENTS WE NEED TO SUBMIT TO IT DEPARTMENT. OR THERE IS ANY APPLICABLITY OF SECTKION 44AB?

THANKS IN ADVANCE