Matter of tax liablitx

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Guest

Guest (Querist)

02 May 2012 Gud evening to all. Supoose my turn over apprnx 7 lakh.I have only 1 heavey truck. My truck hired by a transporte co.Name omx ltd.He deduct my tds .My query only that in which section.Will i fill under sec.44ae.My detai given below gross total=7ooooo truck heavey=1 lic=9ooo tds=6598 plz calculate my liablity plz

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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09 May 2012 Your income shall be 5000*12 = 60000 and your tax liability shall be NIL. You can claim refund of TDS.

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Guest

Guest (Querist)

14 May 2012 gud evening sir,
suppose a man have 3 heavey vechile.but he used his friend transport co. bilty.( docate).his have saving account and total income approx 7 lakh.. than sir can u tell me only this will he fill return u/s 44ae.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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15 May 2012 Since he is the OWNER of the trucks, he will file return u/s 44AE.

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