U/S 44AE

higher amount will be taxable.

I have two vhicle
7500*12= 90000
7500*12= 90000
Total = 180000
Can i shw it more thn 7500 p. M i want total income more thn 200000

As per sub-section 2 of section 44AE:
claim your profit and gains from the eligible business for a month or part of the month per vehicle
a. 7500 or
b. any amount as actually earned

whichever is higher.

simply, 7500 per vehicle per month is the minimum amount to be declared as deemed profit or gains.

RS.7500 p.m per vehicle is the deemed profits.
7500 or actually earned ,whichever is higher.

If u earn less than 7500 p.m from a vehicle u should treat 7500 as deemed income u should pay tx on 7500 p.m p.veh.

Thnks

but 44ae is applicable who dont have more than 10 trucks or vehicle