Sardar Sukhdev Singh engaged in the business of plying, hiring, or leasing of heavy goods carriages owned 6 vehicles during the period 1st April 2020 to 31st March 2021 which were given on lease for plying to GS Transport Company at a fixed rate of ₹ 5,000 p.m. per truck for a whole year. He had opted to pay tax as per Section 44AE of the Income-tax Act. The amount of income that shall be taken for all such trucks for the purpose of tax for AY 2021 -22 is

  1. Home

Question:Sardar Sukhdev Singh engaged in the business of plying, hiring, or leasing of heavy goods carriages owned 6 vehicles during the period 1st April 2020 to 31st March 2021 which were given on lease for plying to GS Transport Company at a fixed rate of ₹ 5,000 p.m. per truck for a whole year. He had opted to pay tax as per Section 44AE of the Income-tax Act. The amount of income that shall be taken for all such trucks for the purpose of tax for AY 2021 -22 is

1. ₹ 5,40,000

2.₹ 3,60,000

3. ₹ 6,48,000

4.₹ 6,84,000

Posted by R4R Team
  1. Sardar Sukhdev Singh engaged in the business of plying, hiring, or leasing of heavy goods carriages owned 6 vehicles during the period 1st April 2020 to 31st March 2021 which were given on lease for plying to GS Transport Company at a fixed rate of ₹ 5,000 p.m. per truck for a whole year. He had opted to pay tax as per Section 44AE of the Income-tax Act. The amount of income that shall be taken for all such trucks for the purpose of tax for AY 2021 -22 is
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!