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 .....

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..... 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. - Rep .....

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..... ly By MARIAPPAN GOVINDARAJAN - The Reply = In my view he cannot. - Presumptive Income U/s 44AE - Query Started By: - AJAY AGRAWAL Dated:- 29-7-2016 Income Tax - Got 1 Reply - Income Tax - Discuss .....

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..... ion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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