For filling a return
This query is : Resolved
aman miglani
(Querist)
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
(Expert)
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.
.
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
(Querist)
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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