Lic commission and other professional receipts
This query is : Resolved
24 January 2014
I am a professional having receipts of Rs. 8Lacs. suppose I got a commission income from LIC of Rs. 2.5Lacs(The LIC as per me and read articles is to charge and deposit the service tax on commisssion paid to agents)so do I have to charge the service tax on my other professional receipts as well.
Also if the total quantum is Less than Rs. 9 Lacs even then due to LIC charging and depositing service tax do I have to charge Service tax on my other professional receipts.
Also if the total quantum is Less than Rs. 9 Lacs even then due to LIC charging and depositing service tax do I have to charge Service tax on my other professional receipts.
24 January 2014
Yes If as a individual your total receipts are more than 10 L you will have to charge ST on your total receipts post crossing 10L limits
Thx
Thx
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Building tax payment deduction in rental Income
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- 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
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
