Tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2016
Sir, my father has small business of supplying Flex banner. He is vendor enlisted in a reputed company. Now he received his payment approx Rs. 2,30,000 /- within 2-3 months after deducting tds. All payments made through savings bank account(RTGS).Is there any income tax problem arise in future?
If so arise then which ITR is applicable for him?
Kindly help me.
If so arise then which ITR is applicable for him?
Kindly help me.
14 January 2016
You are advised to route all business transactions through current account and not through savings account.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2016
In this case if I want to filling return then which ITR is applicable for it? As no books of accounts maintain by him
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 Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Capital gains in IT returns
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- 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
- 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?
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
