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44AE transportation business

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i have sand transport buisness but i have total 48 lakh income anns also expenditure can i opt 44AE..can u suggest me
Replies (6)
How many your own truck you have ?. depends on that .
2 vechile
2 Trucks , not vehicle .is it truck ?.
Truck
Ok , If you are in the business of playing , hiring , or leasing goods , your income would be deemed as follows , having own truck then you opt section 44 AE .

1. Light goods vehicle ( less than 12 MT - Gross weight vehicle ) - Rs 7500/- per vehicle per month .
2. Heavy Goods Vehicle ( More than 12 MT - Gross weight vehicle ) - Rs 1000/- per ton per vehicle per month .)
Ok tq sir


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