sec44AE applicability
ANJANI KUMAR (INTER+CPT) (115 Points)
12 February 2018Whether that person will be eligible for presumptive taxation u/s 44ae?
ANJANI KUMAR (INTER+CPT) (115 Points)
12 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 12 February 2018
The presumptive taxation scheme under section 44AE can be opted for by an assessee who is engaged in the business of plying, hiring or leasing goods carriages and does not own more than ten goods vehicles at any time during the previous year.
How can JCB be classified as Goods Carriage?
Heena mangtani
(Chartered Accountant)
(272 Points)
Replied 12 February 2018