Presumptive Income U/s 44AE

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

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..... basis (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? Wha .....

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

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..... In my view he cannot.
Discussion Forum - Knowledge Sharing .....

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