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Guest

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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
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CA PARAS BAFNA

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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.
.
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Guest

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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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