When a person carries on the business of carrying goods for hire for the whole year with 5 self-owned and 3 leasehold goods vehicles (gross vehicle weight of which does not exceed, 12,000 kg), the presumptive income chargeable to tax u/s 44AE; would beta)
A. ₹ 4,80,000
B. ₹ 7,20,000
C. ₹ 3,96,000
D. ₹ 3,36,000
Answer:B
When a person carries on the business of carrying goods for hire for the whole year with 5 self-owned and 3 leasehold goods vehicles (gross vehicle weight of which does not exceed, 12,000 kg), the presumptive income chargeable to tax u/s 44AE; would beta)
A. ₹ 4,80,000 B. ₹ 7,20,000 C. ₹ 3,96,000 D. ₹ 3,36,000