Gud afternoon sir
Supoose my turn over apprnx 7 lakh. I have only 1 heavey truck. My truck hired by a transporter co.Name OMX LTD. He deduct my tds . My query only that in which section.i fill my return under sec.44ae.
My detai given below
gross total=7ooooo
truck heavey=1
lic=9ooo
tds=6598
plz calculate my liablity
plzzzzzzzz
CA. Dashrath Maheshwari
(TaXpert)
(15090 Points)
Replied 11 May 2012
If you have given your truck on hiring, TDS is applicable under section 194 (I). Your income will not be considered under 44AE. You can file return showing income under section 28
CAclubindia
