💰 Tax Savings · Income-head reliefs
Presumptive tax for goods transporters — Section 58 (old 44AE)
✍️ EaseValue Advisors · Updated 17 Jul 2026 · FY 2025-26
In short
Own up to 10 goods vehicles? Declare income on a presumptive basis — ₹1,000 per ton of gross weight per month for heavy vehicles (₹7,500/month for others) — with no books and no audit — Section 58, Income-tax Act 2025 (old 44AE).
How it works
- Heavy goods vehicle (>12 tonnes): income = ₹1,000 × tonnage × months held.
- Other goods vehicle: income = ₹7,500 × months held.
- No need to maintain books or get a tax audit; you may declare higher actual income if it's more.
Conditions
- You own 10 or fewer goods vehicles at any time in the year.
- All deductions (incl. depreciation) are deemed already allowed.
Who it helps
Small transporters and truck owners — huge compliance saving. (Other small businesses use old 44AD; professionals old 44ADA.)
The law behind it
Section 58 (old 44AE)
General information for FY 2025-26 (AY 2026-27), not advice on your specific case. Limits, rates and conditions
change with each Finance Act and depend on your facts — confirm before acting. © EaseValue Advisors LLP.
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