Clarification of 10 lacs limit
This query is : Resolved
08 December 2008
We are turnkey contractor with work contract of Rs. 12.00 lacs. We had received full and final payment. Please clarify the limit of 10 lacs is actually the gross value of total work contract or the labour component calculated as 33% of the work contract.
We are turnkey contractor with work contract of Rs. 12.00 lacs. We had received full and final payment. Please clarify the limit of 10 lacs is actually the gross value of total work contract or the labour component calculated as 33% of the work contract.
08 December 2008
For the purpose of threshold limit of Rs 10 lakhs gross amount billed (not received) should be considered.
08 December 2008
For calculating 10 lakh limit gross amount of bills will be considered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- EXPORT COMMERCIAL INVOICE HSN CODE
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- GST Rate for Catering Services
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ITDS U/S.194T of Firm
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
