Reply plz
This query is : Resolved
Guest
Guest
(Querist)
03 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
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 PARAS BAFNA
(Expert)
03 May 2012
You can file Return U/s 44AE.
.
You may take higher monthly income also than as prescribed in the Section.
.
LIC is deductible from Gross Total Income & TDS can be claimed as refund or credit can be adjusted against tax liability.
.
.
You may take higher monthly income also than as prescribed in the Section.
.
LIC is deductible from Gross Total Income & TDS can be claimed as refund or credit can be adjusted against tax liability.
.
Guest
Guest
(Querist)
03 May 2012
Thanks for reply sir can u tell me not that what will be my tax liablity.I also give my detail.
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