Section 44AE

CA Jignesh Patel (Charterest Accountant in Practice)   (53 Points)

11 April 2011  

A persion having income by way of Transportion business.

He hires vehicles from X and pays Frieght to X and supplies those vehicles to Y and in return he gets Freight from Y.

The difference between these freights is his income.

Which section of presumptive income applies to him Sec. 44AE or 44AD?

Regards.