Section 44AE of The Income Tax Act, 1961

CA. Atul Khurana | Last updated: 21 December 2019

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Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages This section applies specifically on assessees carrying on business of plying, hiring or leasing good carriages. This section states that if an assessee is carrying on the above mentioned business then the income of such business chargeable to tax under the head Profits and gains of business or profession shall be deemed to be the aggregate of the profits and gains, from all the goods

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

CA. Atul Khurana

Chartered Accountant

I am a qualified Chartered Accountant having more than 3 years of experience in Statutory Audits (India, UK and US). I am also a qualified Social Auditor registered with the Institute of Social Auditors of India. Also, I have authored more than 50+ articles on various renowned professional platforms including newsle ... Read more

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