Presumptive income for goods carriage: monthly deemed income floor applies, with option to claim higher actual receipts. The amendment prescribes a monthly deemed amount as the measure of profits and gains from each goods carriage, while allowing the assessee to claim actual receipts if higher, and aligns the definition of goods carriage with the Motor Vehicles Act, 1988.
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Provisions expressly mentioned in the judgment/order text.
Presumptive income for goods carriage: monthly deemed income floor applies, with option to claim higher actual receipts.
The amendment prescribes a monthly deemed amount as the measure of profits and gains from each goods carriage, while allowing the assessee to claim actual receipts if higher, and aligns the definition of goods carriage with the Motor Vehicles Act, 1988.
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