Taxation · Income Tax Act, 1961

What is covered under Section 44AE of the Income Tax Act, 1961?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Computation and definition of capital gains from transfer of property
2Special provisions for computing profits and gains of the business of plying, hiring, or leasing goods carriages✓
3Deduction of expenses from commission earned by insurance agents
4Special provisions for computing profits and gains of small businesses engaged in civil construction

Correct answer

Special provisions for computing profits and gains of the business of plying, hiring, or leasing goods carriages

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