https://www.taxtmi.com/forum/issue?id=120324 Whether a taxpayer in hiring, plying or leasing of goods carriages may use the presumptive taxation regime depends on the statutory ownership requirement: a strict textual reading limits the benefit to those who "own" goods carriages, excluding operators using only leased or hired vehicles, while a purposive reading would permit businesses carrying on the activity with leased or hired vehicles to elect the presumptive scheme; ITR-3 disclosure requirements (registration and Owned/Leased/Hired) create practical uncertainty. en-us Tue, 05 Aug 2025 18:24:54 +0530 Mon, 18 Aug 2025 16:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120324 Whether a taxpayer in hiring, plying or leasing of goods carriages may use the presumptive taxation regime depends on the statutory ownership requirement: a strict textual reading limits the benefit to those who "own" goods carriages, excluding operators using only leased or hired vehicles, while a purposive reading would permit businesses carrying on the activity with leased or hired vehicles to elect the presumptive scheme; ITR-3 disclosure requirements (registration and Owned/Leased/Hired) create practical uncertainty. Discussion-Forum Income Tax Tue, 05 Aug 2025 18:24:54 +0530 https://www.taxtmi.com/forum/issue?id=120324