INCOME TAX
This query is : Resolved
19 December 2010
MR. MY ONE OF FRIEND IS RECEIVED COMMISSION OR BROKAGE WORTH RS 12 LAC. DURING THE A/Y 2009-10. AND HE IS FILED HIS I.T. RETURN U/S 44AF BY DECLARING 20% INCOME.
MY QUERRY IS WHETHER HE IS ELIGIBLE TO FILE RETURN U/S SECTION 44AF.
HE IS NOT PAID ANY SERVICE TAX
HIS CASE IS IN SECURITINY WHAT IS THE BEST WHY TO TACKE THIS CASE.
THANKS IN ADVANCE
MR. MY ONE OF FRIEND IS RECEIVED COMMISSION OR BROKAGE WORTH RS 12 LAC. DURING THE A/Y 2009-10. AND HE IS FILED HIS I.T. RETURN U/S 44AF BY DECLARING 20% INCOME.
MY QUERRY IS WHETHER HE IS ELIGIBLE TO FILE RETURN U/S SECTION 44AF.
HE IS NOT PAID ANY SERVICE TAX
HIS CASE IS IN SECURITINY WHAT IS THE BEST WHY TO TACKE THIS CASE.
THANKS IN ADVANCE
19 December 2010
Sec 44AF is applicable in case of aseessee engaged in retial trade. You have not mentioned the details of Commission. I think Sec 44AF will not apply in this case.
Service tax applies on service provider. you are service reciver , hence it will not apply.
Service tax applies on service provider. you are service reciver , hence it will not apply.
19 December 2010
your friend is liable to service tax because comission or brokerage is received by your friend for services provided by your friend.
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
