section 44AE
Mohd. Zeeshan (57 Points)
28 July 2018
what is the minimum income as per sec 44AE for light and heavy vehicle?
Mohd. Zeeshan (57 Points)
28 July 2018
prasad Nilugal
( GST Practitioner & Accounts )
(14688 Points)
Replied 28 July 2018
As per amendments in finance act 2018 Section 44AE applicable for F.Y 2018-19
Taxpayer who owns not more than 10 goods carriage and is engaged in the busniess of plying , hiring or leasing goods carriage , his income would be deemed as follows
1) Light goods vehicles (less than 12 Metric ton - Gross weight vechicle ) Rs 7500/- per vehicle per month .
2) Heavy goods vehicle ( More than 12 M.T- gross weight vechile ) Rs 1000/- per ton per vechicle per month
Jaspreet Singh
(Student)
(47 Points)
Replied 12 February 2019
can you define the Gross Weight Vehicle?
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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