Income from labour contract
This query is : Resolved
Mahadeo Gawas
(Querist)
02 July 2013
Is Income received by labour contractor is income from other sources (commission) since he is charges service charges for his services or is it income from business or profession. Whether such person can file ITR 1 (Sahaj)
CA UMESH DULAL
(Expert)
02 July 2013
Income from Business/profession
If his gross turnover is less than 1.0cr and wants to declares income @8% of Gross Turnover, then file ITR-4S.
Otherwise, gets books of accoutns audited by CA and file ITR-4
If his gross turnover is less than 1.0cr and wants to declares income @8% of Gross Turnover, then file ITR-4S.
Otherwise, gets books of accoutns audited by CA and file ITR-4
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
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
