Query related with large amount of income by profeesional
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2015
dear sir/madam
i am professionaly a director in film line and my total income is above 24 lacs..so waht should i do for filling my tax return..some body told me that if income more than 10 lacs than u should file service tax return and for it u should take service tax no. please help me out, i am not getting understand what should i do.
i am professionaly a director in film line and my total income is above 24 lacs..so waht should i do for filling my tax return..some body told me that if income more than 10 lacs than u should file service tax return and for it u should take service tax no. please help me out, i am not getting understand what should i do.
Nikhil Kaushik
(Expert)
18 June 2015
1. yes you should have applied for service tax number. further, once your gross receipts cross Rs 25 lakhs, you shall also be covered under tax audit provisions and you will have to deduct Tax (TDS) while making payments as per TDS regulations
Ankur Singhal
(Expert)
18 June 2015
Contact a CA for the advice.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
