Definition of goods carriage clarifies vehicle weight terms for income tax applicability under section 44AE. For the purposes of section 44AE of the Income-tax Act, the statutory meanings of goods carriage, gross vehicle weight and unladen weight are adopted by ... Summary
Definition of goods carriage clarifies vehicle weight terms for income tax applicability under section 44AE.
For the purposes of section 44AE of the Income-tax Act, the statutory meanings of goods carriage, gross vehicle weight and unladen weight are adopted by reference from the Motor Vehicles Act, thereby aligning vehicle classification for tax purposes with the existing statutory weight definitions.
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