sec44AE applicability

The presumptive taxation scheme under section 44AE can be opted for by an assessee who is engaged in the business of plying, hiring or leasing goods carriages and does not own more than ten goods vehicles at any time during the previous year.

How can JCB be classified as Goods Carriage?

Motor Vehicle Act 1988 sec 2 (14) "goods carriage" means any motor vehicle constructed or adapted for use solely for the carriage of goods, or any motor vehicle not so constructed or adapted when used for the carriage of goods; (16) "heavy goods vehicle" means any goods carriage the gross vehicle weight of which, or a tractor or a road-roller the unladen weight of either of which, exceeds 12,000 kilograms; section 44AE required audit of operators of "goods carriage" or "heavy goods vehicle" as described in above act.

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