Exemption limit

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V.PUSHPA (Querist)
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05 February 2009
An individual, in the name of his proprietary concern (ex.SA Enterprises) does annual contract work with a government company ---- (1)

He as a managing partner with his mother does annual contract work with another PSU in the same name of proprietary concern(ex. SA Enterprises), but the firm is registered. ----- (2)

My question is whether Rs.10 lakhs exemption can be claimed separately, in both the situations? pl.clarify me

thanking u.

Dayal

Dayal (Expert)
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19 April 2009 We understand from the above clarification that the firm has single registration though two partners addressing different contracts

Going by the provision of exemption ( SSP –Provisions) it is stated that aggregate value of taxable services shall be taken into consideration and not service wise taxable amount.

Therefore you cannot seek exemption of Rs. 10 Lacs separately as registration is for the business and not individual partners.

The reply does not constitute professional advice, but is based on interpretation of facts available in your query

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