Matter u/s 44ae
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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
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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