44ae - clarification

Tax queries 204 views 1 replies

As per 44 AE, heavy goods vehicle whose gross weight  or unladen weight is more than 12 Tonne ( excluding Tractor or small vehicle), Rs.1,000 per tonne is the presumptive income per month. In MV Act 1988, heavy goods vehicle also include tractor. Need clarification on tractor or vehicle which is having gross weight more than 12 Tonne

Replies (1)
"As per definition of heave Goods vehicle"
Any goods carriage having gross vehicle weight exceeding 12 tons


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