For filling a return

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aman miglani (Querist)
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29 July 2013 i am from haryana.my brother business is garments business..his annual turnover is 15 lakhs . he wants to pay tax....only .and first return is also in assesment year 2013-14 ..e does'nt want to register in vat... so what is procedure follow to pay tax..in garments business.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 July 2013 Compulsory:
.
He should get Har. VAT Registration No. first as he would be liable to get VAT Tax Registration No.
.

Optional:
.
In Income-Tax return he has to show the turnover. Profit can be shown U/s 44AD @ 8% or above on Rs 15.00 Lakhs. He is not having liability to file Income Tax Return.

aman miglani

aman miglani (Querist)
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29 July 2013 but he doesn't want to register in vat.also pay tax 300-400....for the loan purpose... then what to do..

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