Question ID :
39343
Applicability of Section 44AD or Section 44AE
1) One of our client is in the business of Goods Transport. 2) He owns 4 vehicles for Transport of Goods. His 40% of business comes from his own vehicle and rest 60% from hiring the vehicle from other Transporter. In short he uses his own vehicles as well as vehicles from other transporter for his customer.
3) His total turnover is between 1 cr to 2 cr.
4) He receives transport charges from customer and pays to other transporter as expenes. He is not an agent between his customer and other transporter.
Request you to guide whether, he is eligible for presumptive taxation under Section 44 AD or Section 44AE.
posted by
DAYANAND SHIVAJI MALUSARE
on
Aug 13 2019 12:00AM