Transport & labour contract it section 44ad or 44ae ?

Valerian Dsouza (Manager Audit & Taxation)   (413 Points)

04 October 2011  

We are owning 1 heavy Transport vehicle & 1 light Transport Vehicle doing GoodsTransport business

as well as Labour Transport business, Ratio is about 70 : 30 basis. Total turnover is less than 60 laks

about 58.5 lakhs

Kindly advice which is most appropriate section  for us; i.e. 44AD or 44AE ? Thank you very much for your

kind help.

Valerian Dsouza

Accounts Manager