44ae (vehicle weight)

CA. Arun Kumar Gupta (Pacticing Chartered Accountant)   (21 Points)

09 August 2019  

While considering vehicle weight u/s 44AE(Presumptive Taxation) of Income Tax Act,1961, what is to be considered

1. Gross weight of Vehicle or,

2. Unladen weight of Vehicle or,

3. Capacity of Vehicle (Tonnage)

Kindly express your view u/s 44AE of Income Tax Act,1961.