44 AE for GTA

[Guest]

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

[DR.MARIAPPAN GOVINDARAJAN]

You can opt for the same provided you have owned not more than 10 goods carriages.

AI Summary

Presumptive taxation under 44AE applies where a transport proprietor owned no more than ten goods carriages. A proprietor engaged in goods transport who operates using hired vehicles may opt for presumptive taxation under 44AE provided the proprietor has owned not more than ten goods carriages, with the ownership threshold serving as the decisive eligibility condition for adopting the presumptive regime.