Tag Archives: section 44AE

Presumptive Tax u/s 44AE- CBDT clarify gross vehicle weight for Heavy Vehicle

By | August 23, 2019

Presumptive Tax u/s 44AE-Heavy Vehicle weight to be used, gross, laden or unladen. CBDT clarification for computing profits and gains of heavy goods vehicle F.No.225/233/2019/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14th August,2019 To The Secretary General All India Motor Transport Congress New Delhi Sir, Subject: Urgent… Read More »

Presumptive taxation U/s. 44AD, 44ADA, 44AE of Income Tax [FA 2019]

By | April 25, 2019

TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS [As amended by Finance Act, 2019] This Article discusses about Meaning of presumptive taxation scheme, Presumptive Taxation Scheme of Section 44AD,  Section 44ADA, Section 44AE of Income Tax Act , For whom the presumptive taxation scheme of is designed?, Businesses not covered under… Read More »