Income Tax us 44Ad
R Hiremath (articleship) (159 Points)
08 September 2022
Is it ok to file Income Tax of Transport business under section 44ad, as his turnover is more than 1 Cr.
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177721 Points)
Replied 08 September 2022
Does he own any vehicle?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177721 Points)
Replied 08 September 2022
Yes, it can be declared under normal business, but not under sec. 44AD of the act if involved in hiring any goods vehicle..
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