GST Practitioner & Accounts
15035 Points
Joined March 2014
As per amendments in finance act 2018 Section 44AE applicable for F.Y 2018-19
Taxpayer who owns not more than 10 goods carriage and is engaged in the busniess of plying , hiring or leasing goods carriage , his income would be deemed as follows
1) Light goods vehicles (less than 12 Metric ton - Gross weight vechicle ) Rs 7500/- per vehicle per month .
2) Heavy goods vehicle ( More than 12 M.T- gross weight vechile ) Rs 1000/- per ton per vechicle per month