Goods carriage definition for income-tax purposes follows the Motor Vehicles Act meaning in TDS, TCS and presumptive taxation contexts. Goods carriage for specified income-tax purposes adopts the meaning assigned under the Motor Vehicles Act, 1988. Under the Income-tax Act, 2025, the ... Summary
Goods carriage definition for income-tax purposes follows the Motor Vehicles Act meaning in TDS, TCS and presumptive taxation contexts.
Goods carriage for specified income-tax purposes adopts the meaning assigned under the Motor Vehicles Act, 1988. Under the Income-tax Act, 2025, the definition applies for TDS and TCS purposes through section 402(18), read with section 58(11)(d). The Explanation to section 44AE of the Income-tax Act, 1961 similarly adopts the Motor Vehicles Act meaning.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.