i have 3 lorries so how to calculate the income and how to show the amoun in ITR i want to show net income only but ITO's asking me what is the gross income. i dont maintain any books of accounts
Menu
how to calculate the lorry business
Replies (2)
IF YOU USE IS HEAVY VEHICLE SO MONTHLY RS. 3500/- PER LORRY INCOME FOR INCOME TAX ACT 1961 FOR A.Y. 2009-10
IF YOU USE IS NOT HEAVY VEHICLE SO MONTHLY RS. 3150/- PER LORRY INCOME INCOME FOR INCOME TAX ACT 1961 FOR A.Y. 2009-10
Mr.Govinda Reddy
Please see sec 44 AE.....
You are not required to maintain books of accounts u/s 44AA.....
i think you can avail the benefit under this section.....
Recent Threads
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
Related Threads
CAclubindia
