Goods carriage definition for income-tax purposes follows the Motor Vehicles Act meaning across TDS, TCS and presumptive taxation provisions. Goods carriage adopts the meaning assigned under section 2 of the Motor Vehicles Act, 1988. For TDS and TCS purposes under the Income-tax Act, 2025, ... Summary
Goods carriage definition for income-tax purposes follows the Motor Vehicles Act meaning across TDS, TCS and presumptive taxation provisions.
Goods carriage adopts the meaning assigned under section 2 of the Motor Vehicles Act, 1988. For TDS and TCS purposes under the Income-tax Act, 2025, section 402(18), read with section 58(11)(d), applies this meaning. The Explanation to section 44AE of the Income-tax Act, 1961 also adopts the same meaning.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
