GG Goods Transporters engaged in the business of carriage of goods owns on 1st April, 2019 trucks consisting (i) 6 heavy goods vehicles having weight of each of 14 ton and (ii) 3 light goods vehicles having weight of eac

GG Goods Transporters engaged in the business of carriage of goods owns on 1st April, 2019 trucks consisting (i) 6 heavy goods vehicles having weight of each of 14 ton and (ii) 3 light goods vehicles having weight of each of 5 ton. On 4th May, 2019 one of the heavy goods vehicle was sold and 1 light goods vehicle was purchased on 15th May 2019. The newly purchased light goods vehicle was put to use only from 25th June 2019. The assessee wants to declare the income as per section 44AE of the Act; which for A.Y. 2020-21 is to be taken at ______.