SEC 44AE & SEC 44AD
shaikh sajeed (Associate) (151 Points)
29 July 2020
what if the return is filed fy 2018-19 u/s 44ad and in fy 2019-20 u/s 44AE of the same person?
6 Replies
prasad Nilugal
(3914 Points)
Replied 30 July 2020
If he is having less than 10 trucks , then he has to opt. for section 44AE
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 30 July 2020
Last year also he has to Opt for section 44AE of the income tax act 1961 if he is having less than 10 trucks . Because section 44AD is not applicable to Plying , hiring and leasing of Goods .
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 30 July 2020
I think for F.Y 2018-19 returns date has been extended , you have to confirm what is the date ?. For F.Y 2019-20 you can file .
Check Notification 56/2020 dated 29/7/2020 of the Income tax Dept extension of date to file return for F.y 2018-19 and confirm .
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