Section 44 ae

ITR 167 views 2 replies

Assessee uses 2 commercial vehicles for transport business

One vehicle is in his own name

Second vehicle is in the name of his father

Can he claim income from BOTH the vehicles under Section 44 AE???

Replies (2)

NO. He should be owner of the goods vehicle

yes, you can but but 2 ITR is filled.
FIRST in your name and
Second in your father name.
Because section Owns.....

Its my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.


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