my client have a business of cement having Turnover of Rs 10 crores and own 8 trucks

Share
Share This Thread
  1. Rajshekar Muchlambe

    Rajshekar Muchlambe New Member

    Dear Sir

    My Client have cement business and owns 8 trucks used for transportation of cement from factory to his godown and for this the C & F Agent is Paying him rent for every delivery. now my query is Shall i show 44AE Income of all 8 vehicles or else shall put aseperate account for rent received from the vehicles as rent plz clarify Thank u
     
  2. Neelam Chhalani

    Neelam Chhalani New Member

    Sec 44AE is only for those engaged in business of plying, hiring, leasing vehicles. Since your client is in cement business, he can't claim benefit.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
How to get refund of TDS deducted by insurance company of death of client Income Tax Nov 16, 2016
Client following Mercantile System, Service Provider following Cash system Income Tax Aug 23, 2015
Tax on Income earned by providing IT Services to Clients Income Tax Mar 5, 2015
TDS Return error - Client asking for more Money Income Tax Dec 23, 2014
business profit&capital gains Income Tax Dec 22, 2017