INTERVIEW QUESTIONS INCOME TAX PRESUMPTIVE TAXATION FOR BUSINESSES DETAILS

Question: The presumptive taxation scheme of section 44AE can be adopted by a person who is engaged in the business of plying, hiring or leasing of goods carriages and who does not own more than ________ goods vehicles at any time during the year.

(a) 50 (b) 30
(c) 10 (d) 5

Answer: Correct answer : (c)
Justification of correct answer :
The presumptive taxation scheme of section 44AE can be adopted by a person who is engaged in the business of plying, hiring or leasing of goods carriages and who does not own more than 10 goods vehicles at any time during the year.
Thus, option (c) is the correct option.

Correct answer : (c)
Justification of correct answer :
The presumptive taxation scheme of section 44AE can be adopted by a person who is engaged in the business of plying, hiring or leasing of goods carriages and who does not own more than 10 goods vehicles at any time during the year.
Thus, option (c) is the correct option. Source: CoolInterview.com

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