Ramnath has 4 heavy goods vehicle (gross un laden weight of each vehicle was 13,000 kilograms) and 1 light vehicles (gross weight was less than 12000 kilograms). He operated the vehicles on contract basis to a paper manu
CS Executive · Tax Laws · PYQS · June 2021
Ramnath has 4 heavy goods vehicle (gross un laden weight of each vehicle was 13,000 kilograms) and 1 light vehicles (gross weight was less than 12000 kilograms). He operated the vehicles on contract basis to a paper manufacturing company throughout the previous year 2020-21 and received ₹90 lakhs as hire charges as per contract. How much is the income chargeable to tax under applicable presumptive provision?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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