Ramesh owns two vehicles for the purpose of plying on hire. The gross vehicle weight or unladen (without any goods) weight of one vehicle was 13 MT and of another vehicle 6 MT. The presumptive income under section 44AE f
CS Executive · Tax Laws and Practice · PYQS · December 2019
Ramesh owns two vehicles for the purpose of plying on hire. The gross vehicle weight or unladen (without any goods) weight of one vehicle was 13 MT and of another vehicle 6 MT. The presumptive income under section 44AE for the previous year would be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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