Itr 4s filling for installment vehicle

YOU WILL GO THROUGH THE ITR4S AND FOLLOW THE ASSET & LIABILITY SHEET (AL) WHEREYOU WILL FEED THE ASSET VALUE I.E THE VALUE OF CAR AND AT THE END OF THE SHEET YOU WILL FEED THE LIABILITY AMOUNT AGAINST ASSET I.E THE OUTSTANDING OF THE VEHICLE LOAN. 

ok. I will go as per your instruction but along with this I can see the income as Rs. 7500 /- pm per vehicle in 44AE tab of ITR 4s. He has one vehicle so it will be Rs. 7,500*12 = Rs 90,000 /-

Please clarify me if I am wrong sir.

Anirban Ji, in Assest liability tab there is mention that this will applicable for individual/Huf whose total income exceed rs.50 lakhs. As my friend is below this so, can he show this in this tab?

Please clarify this sir.

i know that but u may feed it at AL. in 44AE IT IS INSTRUCTED THAT THE INCOME  OF PER VEHICLE PER MONTH WILL BE ABOVE 7500/- IF YES OR NOT U WILL FEED THE PERIOD & THE ACTUAL INCOME FOR THE YEAR DIVIDED 12. OKEY

IN CASE OF AL IT IS UR JUSTIFICATION THAT U WILL INFOR TO IT YOUR ASSET AND THE LIABILITY AGAINST ASSET.

Anirban ji, if he received Rs. 20,000 /- from rent & he will show only Rs. 7,500 /- p.m per vehicle as he has no books of accounts then any problem?

no prblm at all