Section 44AE: Deduction Allowed for Expenses on Hired Goods Carriages in Transport Business Activities.

Section 44AE: Deduction Allowed for Expenses on Hired Goods Carriages in Transport Business Activities. https://www.taxtmi.com/highlights?id=66069 Applicability of provisions of section 44AE - deduction of business expenditure against the business receipts - AO is directed to give deduction of expenditure which related to the goods carriages which were not owned by the assessee but taken on hire from the open market for carrying out the transportation activities - AT en-us Sat, 15 Oct 2022 09:10:55 +0530 Sat, 15 Oct 2022 09:10:55 +0530 TaxTMI RSS Generator Section 44AE: Deduction Allowed for Expenses on Hired Goods Carriages in Transport Business Activities. https://www.taxtmi.com/highlights?id=66069 Applicability of provisions of section 44AE - deduction of business expenditure against the business receipts - AO is directed to give deduction of expenditure which related to the goods carriages which were not owned by the assessee but taken on hire from the open market for carrying out the transportation activities - AT Highlights Income Tax Sat, 15 Oct 2022 09:10:55 +0530 https://www.taxtmi.com/highlights?id=66069