INFLATION MUST BE CONSIDERED FOR ALL PURPOSES IN TAX POLICIES AND NOT JUST TO COLLECT MORE TAX- proposed increase in presumptive income vide section 44AE does not recognize ground realities of fall in real income of vehicle owners and operators. https://www.taxtmi.com/article/detailed?id=5747 The article critiques the proposed amendment to section 44AE that imposes a uniform increased presumptive income for all goods carriages, arguing it treats disparate vehicle categories equally, disregards higher operating costs and falling real income of operators, and constitutes an excessive hike relative to past revisions; it recommends allowing small operators to report actual income without onerous audit requirements and advocates indexation of monetary tax thresholds and differentiated presumptive rates linked to vehicle earning capacity. en-us Fri, 25 Jul 2014 12:25:05 +0530 Fri, 25 Jul 2014 12:25:05 +0530 TaxTMI RSS Generator INFLATION MUST BE CONSIDERED FOR ALL PURPOSES IN TAX POLICIES AND NOT JUST TO COLLECT MORE TAX- proposed increase in presumptive income vide section 44AE does not recognize ground realities of fall in real income of vehicle owners and operators. https://www.taxtmi.com/article/detailed?id=5747 The article critiques the proposed amendment to section 44AE that imposes a uniform increased presumptive income for all goods carriages, arguing it treats disparate vehicle categories equally, disregards higher operating costs and falling real income of operators, and constitutes an excessive hike relative to past revisions; it recommends allowing small operators to report actual income without onerous audit requirements and advocates indexation of monetary tax thresholds and differentiated presumptive rates linked to vehicle earning capacity. Articles Income Tax Fri, 25 Jul 2014 12:25:05 +0530 https://www.taxtmi.com/article/detailed?id=5747