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Matter of u/s 44ae

This query is : Resolved 
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Guest

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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
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
15 June 2012 You will show income only Rs. 4,80,000.

NO EXPENSES are allowed as deduction from income computed u/s 44AE.
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