Matter of u/s 44ae
This query is : Resolved
Guest
Guest
(Querist)
15 June 2012
gud evening sir,
suppose a man have 8 heavey vechile . his firm name chawla transport co.
than sir my calculation will be
5000*8=40000
40000*12=480000
sir please told me only that will i show also profit on my builty ( docate no. grn.)
and sir which expanses i can show u/s 44ae
suppose a man have 8 heavey vechile . his firm name chawla transport co.
than sir my calculation will be
5000*8=40000
40000*12=480000
sir please told me only that will i show also profit on my builty ( docate no. grn.)
and sir which expanses i can show u/s 44ae
15 June 2012
You will show income only Rs. 4,80,000.
NO EXPENSES are allowed as deduction from income computed u/s 44AE.
NO EXPENSES are allowed as deduction from income computed u/s 44AE.
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