Income tax 44 ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
sir if someone show his turnover more than 10lakh in his income tax return from bussiness&profession u/s 44 ad then will he would be liable for tin no under sales tax act?
sir please solve my query as soos as possible.
sir please solve my query as soos as possible.
CA PARAS BAFNA
(Expert)
19 July 2013
If, he is liable according to the provisions of State Vat Tax Act, he should get it. Generally in case of small traders , VAT department is also not bothered as he is not claiming VAT credit or collecting VAT.
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So, let the matter be kept as it is.
.
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So, let the matter be kept as it is.
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