Section 44AE

arjun prajapati (Querist) 16 May 2011 This query is : Resolved
Section 44AE of income tax act,1961 says that tax would be levid on presumptive basis for person who are engaged in goods carriage services.

My Question is that it also covers services provided by taxi service provider.

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A V Vishal (Expert) 16 May 2011
No. The provision is specific to SPECIAL PROVISION FOR COMPUTING PROFITS AND GAINS OF BUSINESS OF PLYING, HIRING OR LEASING GOODS CARRIAGES.

Guest (Expert) 18 May 2011
Taxi service providers are not goods carriage service providers.

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