'A' COMPANY (PROPRIETORSHIP) HAS 8 TRUCK AND INCOME SHOW IN ITR U/S 44AE
THE COMPANY HIRE OTHER TRUCK FOR TRANSPORTATION WORK (TURN OVER APRROX. 5 CRORE ANNUAL) AND INCOME SHOW UNDER ITR 44AD .(BUSINESS INCOME ) MY QUERY IS 1. FILE ITR AS ABOVE SAID IS CORRECT. 2. HOW MAINTAIN ACCOUNT BOOK 3. IS MANDATORY SHOW TRUCK INCOME (44AE) IN P&L 4. IS MANDATORY SHOW FIXES ASSET ( 8 TRUCK ) IN BALANCE SHEET 5. HOW TO HANDLE OF DEPRECIATION OF TRUCK IN BALANCE SHEET AND ACCOUNT BOOKS. NOTE: A COMPANY ALSO ACCOUNT BOOK AND AUDITED BY AUDITOR