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.
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
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST not cancelled by tenant
- Filling ITR - U
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Form 140 tds
- Bank details not Visible on Traces Portal
- TDS ON EMAIL DOMAIN SERVICE BILL
- Capital gain on sale and purchase of plot
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
