Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

44ad

Save Share

Join Us Follow Us Add as Source

This query is : Open

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2012 I have a transport and also a truck which is going for carting to anther state with
loading some goods to one industry to another industry.
i want to know about my two profession
1. my own transport (commission income)
2. truck carting income (which includes expenses) when we less from carting we
received net profit
so i want to know which profession i can use for sec. 44AD for less tax and guide me
about second profession how do i include it in trading a/c ?
thanks..

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

24 March 2012 You can declare the en income under 44Ad as the rate per truck is not near the taxable income. Otherwise also your income will not be taxable as you have not provided any figures and hence very difficult to answer your question

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2012 my commission is Rs. 2,27,432/- and my truck gross receipt is Rs. 6,76,370/-

now what happened sir ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now