Section 44AE says "Any person engaged in the business of plying, leasing or hiring of trucks if he owns not more than 10 goods carriages at any time ...
Income:
Heavy Goods Vehicle - Rs. 3,500 for every month (or part of a month) during which the goods carriage is owned by the taxpayer
Other than Heavy goods vehicle - Rs. 3,150 for every month (or part of a month) during which the goods carriage is owned by the tax-payer.
I am a bit confused whether Mahindra Bolero(4wheel) leased or hired for public carriage and not goods can be considerd as 'truck". or not?
Please reply. Thanks - Dibyendu, Kolkata
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