Amendment of section 44AE.

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..... h goods carriage,- (i) being a heavy goods vehicle, shall be an amount equal to one thousand rupees per ton of gross vehicle weight or unladen weight, as the case may be, for every month or part of a month during which the heavy goods vehicle is owned by the assessee in the previous year or an amount claimed to have been actually earned from such vehicle, whichever is higher; (ii) other .....

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..... ncome-tax Act relating to special provision for computing profits and gains of business of plying, hiring or leasing goods carriages. Sub-section ( 2 ) of the said section, inter alia , provides that for the purpose of computing profits and gains of business of plying, hiring or leasing goods carriages an amount equal to seven thousand five hundred rupees for every month or part of a month or .....

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..... which the goods carriage is owned by the assessee in the previous year or an amount claimed to have been actually earned from such goods carriage, whichever is higher. It is also proposed to define the expressions goods carriage , gross vehicle weight , heavy goods vehicle and unladen weight in the said section. These amendments will take effect from 1st April, 2019 and will, accordingly .....

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