Ritik Chopra
Quick Summary
To provide relief to persons who are engaged in the business of plying, hiring or leasing goods carriages Section 44 AE was introduced. The assessee opting this provision will not be required to maintain books of accounts. 1. This section is applicable only on those persons who are engaged in the business of plying, hiring or leasing goods carriages and who own not more than 10 such goods carriages. 2. This section has fixed monthly income chargeable to tax as business profit in respect of
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