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Income tax for an optical business

Kasang James ( Accountant) (105 Points)

24 September 2015

How to declare the income of an optical business for the purpose of paying the tax? know that its not a company, but a sales unite

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5 Replies

Miss Rinkal (Student) (1304 Points)
Replied 24 September 2015

As in what is the status of assessee if not a company. And how is the income earned like commission or so?

Please clarify as exact point of your question is still not clear?

Kasang James ( Accountant) (105 Points)
Replied 25 September 2015

I would be opening an optical store soon. And its going to be retail shope. Which type of tax I will be paying to the govt? sales tax, VAT..Etc? Please explain

Miss Rinkal (Student) (1304 Points)
Replied 25 September 2015

Would it be a proprietary business or a partnership business. In personal taxation, income tax. In case of business, income tax, vat, service tax, profession tax