How to file income tax return under sec 44ae?

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Hello.

How to file an Income Tax return underSec 44AE? We have to take Gross Weight or unladen Weight?

Thank You. 

 

Replies (2)

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 )

It has to be taken as Gross weight of the goods carrier.


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