44ad
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2012
I have a transport and also a truck which is going for carting to anther state with
loading some goods to one industry to another industry.
i want to know about my two profession
1. my own transport (commission income)
2. truck carting income (which includes expenses) when we less from carting we
received net profit
so i want to know which profession i can use for sec. 44AD for less tax and guide me
about second profession how do i include it in trading a/c ?
thanks..
loading some goods to one industry to another industry.
i want to know about my two profession
1. my own transport (commission income)
2. truck carting income (which includes expenses) when we less from carting we
received net profit
so i want to know which profession i can use for sec. 44AD for less tax and guide me
about second profession how do i include it in trading a/c ?
thanks..
24 March 2012
You can declare the en income under 44Ad as the rate per truck is not near the taxable income. Otherwise also your income will not be taxable as you have not provided any figures and hence very difficult to answer your question
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2012
my commission is Rs. 2,27,432/- and my truck gross receipt is Rs. 6,76,370/-
now what happened sir ?
now what happened sir ?
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