Estimation of income - garnered transportation receipts - ...

Income Tax

September 15, 2022

Estimation of income - garnered transportation receipts - Applicability u/s 44AD for receipts on account of truck plying business - If in case the assessee is unable to substantiate his claim of having garnered transportation receipts, as claimed, to the satisfaction of the AO, then, the estimation of his income as worked out by the AO i.e @8% of the gross receipts shall be sustained. - AT

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Estimation of income - garnered transportation receipts - ...

Income Tax

September 15, 2022

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