Matter u/s 44ae

This query is : Resolved

Guest

Guest (Querist)

25 May 2012 good evening sir
in u/s 44ae if truck less than 10 than we can calculate our tax as per applicable rate 5000 for heavey and 4500 for light vechile. But if we have more than 10 truck than we will also calculate this rate 5000 for heavey and 4500 for light. I want to know only that how i will calculate our total tax liablity

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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25 May 2012 If you are the owner of more than 10 then 44AE is not applicable.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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26 May 2012 Further to what Mr. Amit has said, to calculate your tax liability, you have to compute your total income as per the normal provisions of the Act:

Total Receipts
Less: Expenses
Less: Depreciation

On this income tax will be calculated as per the slab rates (if you are an individual or HUF).

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Guest

Guest (Querist)

26 May 2012 thank you sir to solve my query today i download form 16 through nsdl side but he ask me than entered 6 digit tds certificate no. what is this sir

Guest

Guest (Querist)

26 May 2012 What happen sir

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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26 May 2012 The Form 16 provided by your employer will contain a six digit number. You have to enter this number to download the form.

Guest

Guest (Querist)

26 May 2012 How can i get it sir

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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26 May 2012 It will be mentioned on the Form 16 issued by your employer.