44 AE for GTA

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GTA (proprietor) doing business by only hiring Goods carriage , but not owner of any goods carriage . Can he opt 44 AE .

AI Summary

Proprietor in GTA business can opt for Section 44AE tax scheme if owning up to 10 goods carriages. A participant inquired whether a proprietor engaged in a Goods Transport Agency (GTA) business, who only hires goods carriages and does not own any, can opt for the tax scheme under Section 44AE. The response clarified that the proprietor could choose this scheme as long as they own no more than 10 goods carriages.