INTERVIEW QUESTIONS INCOME TAX PRESUMPTIVE TAXATION FOR BUSINESSES DETAILS

Question: The scheme of section 44AE is designed to give relief to small taxpayers engaged in the business of__________.

(a) Plying, hiring or leasing of goods carriages (b) Provision store
(c) Medical store (d) Departmental store

Answer: Correct answer : (a)
[As amended by Finance Act, 2016]
Justification of correct answer :
The scheme of section 44AE is designed to give relief to small taxpayers engaged in the business of plying, hiring or leasing of goods carriages.
Thus, option (a) is the correct option.

Correct answer : (a)
[As amended by Finance Act, 2016]
Justification of correct answer :
The scheme of section 44AE is designed to give relief to small taxpayers engaged in the business of plying, hiring or leasing of goods carriages.
Thus, option (a) is the correct option. Source: CoolInterview.com

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