Income determination for a gym centre
This query is : Open
20 August 2017
Dear Sir,
I am running a Gym centre and on an average the fee collection is Rs.60000/-pm(Gross). Now I want to file my ITR.
What is the percentage of income i have to declare as per Income Tax rules and how to determine.
Please share if any format to calculation the income and tax calculation.
I am running a Gym centre and on an average the fee collection is Rs.60000/-pm(Gross). Now I want to file my ITR.
What is the percentage of income i have to declare as per Income Tax rules and how to determine.
Please share if any format to calculation the income and tax calculation.
20 August 2017
If you do not maintain books of accounts then you can pay @8% of gross receipts u/s 44AD.
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