Nature of Business and Taxability
This query is : Resolved
16 August 2010
dear all
can anybody suggest me how a dosa wala selling dosa on street should be charged to tax , can he file his return under sec 44AF and he is also a sales agent and he receives commision also and tds is deducted on it.
thanks
can anybody suggest me how a dosa wala selling dosa on street should be charged to tax , can he file his return under sec 44AF and he is also a sales agent and he receives commision also and tds is deducted on it.
thanks
CA Sanat Pyne
(Expert)
16 August 2010
it is better to show as business income
it will not come under 44AF. AS it is not a retail trade.
it will not come under 44AF. AS it is not a retail trade.
Message likes :
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17 August 2010
Dear CA Sanat Sir
Thanks for your valauable advice
Thanking You.
Thanks for your valauable advice
Thanking You.
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