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confused about tax

Tax queries 188 views 4 replies
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7 Points Posted on 02 June 2017
sir I have 5 trucks and paying his installment approx 1 lack than what is the income tax 7500 per truck per month or any other rule is applicable
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On 02 June 2017 at 15:39 Report
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as  per 44 ae u  should not have more than 10 vechicle then

7500/-, is applicable per vechicle per month 

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On 02 June 2017 at 15:47
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7 Points Posted on 02 June 2017
but sir truck payment is giving me by cheque 2 lack per month
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On 02 June 2017 at 15:49
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Audit Assistant
527 Points Posted on 02 June 2017
u/s 44AE you have to show minimum of Rs.7,500 per truck for a month.

if your actual income is above the Rs. 7,500 per truck for a month , you have to show the actual amount.
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On 02 June 2017 at 21:49
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7 Points Posted on 02 June 2017
thank u sir
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On 02 June 2017 at 21:53


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