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of <h1>Finance Act 2018 Amends Section 44AE: New Profit Calculation for Goods Carriages Effective April 2019</h1> Section 44AE of the Income-tax Act was amended by the Finance Act, 2018, effective April 1, 2019. The amendment modifies the calculation of profits and gains from goods carriages. For heavy goods vehicles, the profit is set at either one thousand rupees per ton of gross or unladen weight per month or the actual earnings, whichever is higher. For other goods carriages, the profit is set at seven thousand five hundred rupees per month or the actual earnings, whichever is higher. Definitions for 'goods carriage,' 'gross vehicle weight,' and 'unladen weight' are aligned with the Motor Vehicles Act, 1988.
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