Is centering works done by individual liable to service tax?
This query is : Resolved
02 January 2017
Dear Sir/Madam,
Mr.X is an individual (proprietor) under taking centering works for construction of residential building and Educational institutions. He is been engaging 10 to 15 men on daily wages basis to get the works done. He usually paid the wages to the workers on weekly basis. He calculates wages of centering works on the basis of per square feet and the same he will collect from the Building owner & Education institutions in a week or two week time.
He has not filed income tax returns so far but now he wishes to file the return, There are no books of accounts maintained. He is willing to show his income u/s 44AD..
If he is shows turnover more than 10 lakhs for the purpose of section 44AD on the other hand will it be treated as taxable under service tax?
Kindly advice.
Mr.X is an individual (proprietor) under taking centering works for construction of residential building and Educational institutions. He is been engaging 10 to 15 men on daily wages basis to get the works done. He usually paid the wages to the workers on weekly basis. He calculates wages of centering works on the basis of per square feet and the same he will collect from the Building owner & Education institutions in a week or two week time.
He has not filed income tax returns so far but now he wishes to file the return, There are no books of accounts maintained. He is willing to show his income u/s 44AD..
If he is shows turnover more than 10 lakhs for the purpose of section 44AD on the other hand will it be treated as taxable under service tax?
Kindly advice.
02 January 2017
Yes service tax will be applicable on this income.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ASMT-10 received from A O
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
