Income from business
This query is : Resolved
30 July 2013
Dear experts ,
My sub contractor(Individual) done the work for rs.25,00,000/- for the F.Y.2012-13 , we have deducted TDS@1% from his bill amount and deposited to govt Account .
Kindly suggest us that what is process for him to submit IT Return and what his gross total income / taxable income.
thanks
My sub contractor(Individual) done the work for rs.25,00,000/- for the F.Y.2012-13 , we have deducted TDS@1% from his bill amount and deposited to govt Account .
Kindly suggest us that what is process for him to submit IT Return and what his gross total income / taxable income.
thanks
01 September 2013
Need to file ITR-4S and as business income . claim presumptive profit 8% on gross receipt 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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Section 50-fixed asset-->building ceases to exist
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- 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
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
