GST Practitioner & Accounts
15043 Points
Joined March 2014
As per section 44 AE of the income tax act 1961 , Taxpayer who owns less than 10 goods carrage and engaged in the busniess of plying , hiring or leasing his income will be deemed as follows
Heavy vechicle (more than 12 MT) RS 1000/- per ton per vechile per month .This applicable form 1/4/2018 . ( Less than 12MT 7500/- per vechile per month )
section 44Ad is not applicable for this business