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Presumptive Income U/s 44AE, Income Tax |
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Presumptive Income U/s 44AE |
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A transporter getting trucks on hire 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? What 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. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In my view he cannot. Page: 1 Old Query - New Comments are closed. |
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