Section 44AE – Presumptive Taxation for Transporters

Tax Glossary Definition

Section 44AE – Presumptive Taxation for Transporters

This provision provides a simplified tax calculation method for small goods transport operators who own not more than ten vehicles. Under the scheme, income is calculated on a presumptive basis at a specified amount per vehicle for each month (or part thereof) that the vehicle is owned.

Example: If a taxpayer owns 5 trucks and the presumptive income is ₹7,500 per truck per month, the total income considered for taxation would be ₹45,000 per month.

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