Presumptive Income U/s 44AE

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....resumptive Income U/s 44AE<br> Query (Issue) Started By: - AJAY AGRAWAL Dated:- 29-7-2016 Last Reply Date:- 24-9-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>A transporter getting trucks on hire b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....asis (per day or per month) & doing misc. transporting work. For that he collects payment from factories (after TDS) Can he opt for presumptive taxation u/s 44AE as he is not the owner of trucks? What....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... if his total turnover (gross receipt from such misc. work) during the year is more than &#8377; 1 Crores? & under which head his income will be assessed. Reply By MARIAPPAN GOVINDARAJAN: The Reply: ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... In my view he cannot.<br> Discussion Forum - Knowledge Sharing ....