Answer ( 1 )

  1. ​​​​The provisions of sections 44AE are applicable to every person (i.e., an individual, HUF, firm, company, etc.).

    The presumptive taxation scheme of sections 44AE​ can be adopted by a person who is engaged in the business of plying, hiring or leasing goods carriages and who does not own more than 10 goods vehicles at any time during the year.​​

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