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of <h1>Finance Bill 2018: Amendments to Section 44AE Change Income Calculation for Goods Carriages from April 2019</h1> Clause 16 of the Finance Bill, 2018 proposes amendments to section 44AE of the Income-tax Act, effective from April 1, 2019. It revises the method for computing profits and gains from goods carriages. For heavy goods vehicles, the income is set at one thousand rupees per ton of gross or unladen weight per month, or the actual earnings, whichever is higher. For other goods carriages, the income is seven thousand five hundred rupees per month or the actual earnings, whichever is higher. Definitions for 'goods carriage,' 'gross vehicle weight,' 'heavy goods vehicle,' and 'unladen weight' are also clarified.
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