22 September 2013
MY BROTHER IS PROVIDING A SERVICE TO MANUFACTURING CONCERN AS LABOUR CONTRACTOR. COMPANY PAYS HIM @ RS. 55 PER MT OF PRODUCTION. AVG. PAYMENTS IS RS. 3 LAKH AFTER TDS DEDUCTION AND TDS DEDUCTION IS RS.3000 PER MONTH. HE NEVER FILED INCOME TAX RETURN BEFORE NOW HE WANTS TO FILE THE SAME. I NEED UR GUIDANCE REGARDING FILING OF INCOME TAX.? WHICH RETURN I SHALL CHOOSE??
HE HAS NEITHER ANY ASSETS NOR ANY LIABLITY. HE IS ALSO NOT MAINLINING ANY TYPES OF RECORD. JUST TAKES THE MONEY FROM COMPANY AND DISTRIBUTE AMONG HIS WORKERS. AVERAGE SAVING IS RS.20-25 THOUSAND PER MONTH.
HE IS REGISTERED WITH LABOUR DEPT. & SERVICE TAX DEPT. HIS LAWYERS LOOKS AFTER THAT STATUTORY MATTERS EXCEPT INCOME TAX.