Small transporter ITR Filing

How to file small size of transporter who owns 2 heavy vehicle 

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Quick Summary
This discussion focuses on how small transporters owning heavy vehicles can file their Income Tax Returns (ITR). It suggests that Section 44AE of the Income Tax Act 1961, concerning presumptive taxation, may be applicable. If the conditions of this section are met, filing under ITR 4 is recommended. Further consultation on the source and quantum of income is advised.

Refer section 44AE of the Income Tax Act 1961, this section ( presumptive taxation) may applicable . file ITR 4 , if he fulfill all the conditions in the section. 

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Source and quantum of income

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