Reply plz

Save Share

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

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

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.
.

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.

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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!