GST Practitioner & Accounts
15035 Points
Joined March 2014
Provisions of section 44AE for Transporters
A Taxpayer who owns not more than 10 Goods Carriage and engaged in the business of plying , hiring or leasing of Goods Carriage , his income would be deemed as follows :-
1) Light Goods vehicles ( Less than 12 MT - Gross weight vehicle ) - Rs 7500/- per vehicle per month .
2) heavy Goods vehicles ( More than 12 MT - Gross weight vehicle) - Rs 1000/- per ton per vehicle per month . ( Finance act 2018 Amendment , Applicable form F.Y 2018-19 on wards )