Gold Ornament Making Process labour Work income
This query is : Resolved
24 December 2022
Respected Sir,
a Jwellers gives Gold Bar or biscuit to labour for making ornaments
a labour Receive 4 % of gold for making ornaments
My question is can labour show this income as business and can opt 44ad ?
a Jwellers gives Gold Bar or biscuit to labour for making ornaments
a labour Receive 4 % of gold for making ornaments
My question is can labour show this income as business and can opt 44ad ?
24 December 2022
Yes, the value of the gold received is his labour charge & ornament making is his service/business as per the IT codes.
Message likes :
1 times
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
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Insurance make against any item and later get insurance claim received
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Youtube income
- GST APPEAL ITC
- TDS U/S 194S VDA
- TCS Return Without PAN
- Surcharge applicability on LTCG loss
- Requirement of Form 15CA CB - Rent payment
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
