• Answer of this question

    Dear SirI am a Transporter, i have a Truck ,. I receive Total Freight
    Hemant Teachoo's image
    Hemant Teachoo
      TILL 12MT(12000 KG),WE ARE SMALL TRUCK    
               
    FOR A.Y 2019-20 IF TRUCK WEIGHT IS MORE THAN 12 MT THEN PROFIT WILL BE   
    CALCULATE ( METRIC TON*1000*NO. OF MONTH USE)      
               
    IF TRUCK WEIGHT IS LESS THEN OR UPO TO 12 MT THEN PROFIT WILL BE     
      FOR F.Y. 2018-2019 (IF TRUCK WEIGHT IS MORE THEN 12 METRI TONE)  
               
               
    Truck No. Reg No Mt Profit per truck No. of month used Annual profit
    1 DL01P3212 30 1000 4 120000
    TOTAL         120000
    Particulars Amt
    Income from Salary 0
    Income from House Property 0
    Profit and  Gains of Business and Professions 120000
    Income from Other Sources 0
    Gross Total income 120000
    Less  
    Deduction Under 80C 0
    Deduction Under 80TTA 0
    Net Total income 120000
       
    Tax 0
    Rebate 0
    Net Tax 0
    Cess @ 4% 0
    Net Tax+Cess 0
    ADD INTEREST 0
    TAX INCL. INTEREST 0

     

      FOR F.Y. 2018-2019 (IF TRUCK WEIGHT IS LESS THEN OR UP TO 12 METRI TONE)  
               
               
    Truck No. Reg No Mt Profit per truck No. of month used Annual profit
    1 DL 01 P3212 N/A 7500 4 30000
    TOTAL        

    30000

     

    Particulars Amt
    Income from Salary 0
    Income from House Property 0
    Profit and  Gains of Business and Professions 30000
    Income from Other Sources 0
    Gross Total income 30000
    Less  
    Deduction Under 80C 0
    Deduction Under 80TTA 0
    Net Total income 30000
       
    Tax 0
    Rebate 0
    Net Tax 0
    Cess @ 3% 0
    Net Tax+Cess 0

    Written on June 18, 2019, 5:10 p.m.