Incoem tax return
This query is : Resolved
23 January 2010
To all CAs
Sirs,
Last 5/6 Years I doing Accounts Writing on Part Time or Contract basis.
Now i am planning to file Return. My query is What source of income I have to show?
for e.g. Consulting Charges or Professional fees.to avoid service tax problem.& which ITR should i File
Please give me Good Advice for future to do the work professional ways and setup my own office.
Thanking you in advance.
Vikas.
Sirs,
Last 5/6 Years I doing Accounts Writing on Part Time or Contract basis.
Now i am planning to file Return. My query is What source of income I have to show?
for e.g. Consulting Charges or Professional fees.to avoid service tax problem.& which ITR should i File
Please give me Good Advice for future to do the work professional ways and setup my own office.
Thanking you in advance.
Vikas.
23 January 2010
You can show income received as professional fees. Also as in that you can show expenses incurred such as rent, etc. and the same will be allowable as a deduction.
Also service tax is leviable on receipts of Rs. 10 lacs. So if the same crosses above 10 lacs then service tax will be leviable. No escaping that
Also service tax is leviable on receipts of Rs. 10 lacs. So if the same crosses above 10 lacs then service tax will be leviable. No escaping that
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
