Shyam Lal Naik's Expert Profile

Queries Replied : 1861

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Murtaza I Bhagat says : Pls help sir
Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

Murtaza I Bhagat says : Pls help sir
Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

Murtaza I Bhagat says : Pls help sir
Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

Murtaza I Bhagat says : Pls help sir
Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance

Murtaza I Bhagat says : Pls help sir
Dear experts, I have to know If I am a Person who Purchase Cattles(ike..buffalo,cow,goat etc.,)and sales in Cattle camps... My T.O cross Rs.1 Crore in a yr.... Pls Explain me what i have to do about IT and TAX audit under which Sec.. in above case. or if I done this thing in base of Commisssion (means Two Party 1 Purchaser 2. Sellor...3 Me commission agent)but payments of Purchase deposit in my Bank A/c & then I withdrawl & give it to Seller....but in that case my Bank A/c is using and their T.O goes over 1 Cr in a yr. Pls Guide me what should I do in this circumstances... Thanks in advance