hello sir,i am a distributor of airtel recharge cards i am getting income on sales of recharge cards .company giving 2% as commision to me.my doubt is now how can i show my income in incometax return as commission or sales-purchase method.because in sales method it crossed 2crores but commision is 4 lakhs and other expenses is there so please help me how i show my income as business income or commission
Hi,
What will the Taxable value of Ticket sold on Discount:
For Eg: IPL Ticket Price: 5000
Discount: 500
Amount Received- 4500
Service Tax- ???
my uncle has 2 small vehicle ..his gross receipts 20000 pm ... he does not maintain proper books .. so i want to file his income tax return under 44AE in itr 4s ... can i do these ? and can any one tell me the details process of filling tax return for these type income ...
My Brother has paid Service Tax Twice by Mistake and Two challan's was generated and the amount of service tax paid is Rs: 11,00,000 for the 3rd quarter. Is there is any way to get refund from service tax department.
Thanks in Advance.
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Our client is an LLP providing Physician services by sending the Physicians to the patients home. Kindly let me know whether LLP and the Physicians services are liable to service tax?
Dear Sir/Madam kindly advise me where we have accounted of fan purchase under fixed assets. many thanks in advance
One of my friend received 16 lakhs as compensation from a company which cause damage to his house so they filed a case .But the other party came out for a out of the court settlement by paying 16 laksh as compensation to my friend but the dd is given in the name of his kids who are minors.Now my friend opened bank account in the kids name, he becoming the gaurdian and deposited the money in FD.Now the question is my friends income is non taxable it is around 1 lakh 40 thousand yearly. Now he wants to know how to file income tax returns so that he cannot be taxed as his income is non taxable and amount kept on his kids name.He needs guidance on how to file it returns, manually or online so that it is shown as non taxable.FD gives cumulative interest.
I HAVE HOTEL BUSINESS AND FOR PROMOTING THAT I GAVE ADVERTISEMENT IN FACEBOOK . NOW THE FACEBOOK SENDS ME THE BILL OF RS. 32000 MAY I HAVE TO DEDUCT TDS FOR THE SAME AS THE FACEBOOK IS AN FORIEGN ENTITY
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how to show income in return