Tax Query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2010
Dear All,
My one Friend is received Rs. 300000/- on the basis of Providing Professional Service during the last year. Now he want
to save his tax. Please provide me on which basis he can minimize his tax liablity . He is also not maintaining his book
of Accounts. Please urgent reply.
thanks
Parmod
My one Friend is received Rs. 300000/- on the basis of Providing Professional Service during the last year. Now he want
to save his tax. Please provide me on which basis he can minimize his tax liablity . He is also not maintaining his book
of Accounts. Please urgent reply.
thanks
Parmod
22 June 2010
IF HE IS PROVIDING PROFESSIONAL SERVICES IN THE FIELD AS PROVIDED IN SECTION 44AA, HE IS REQD. TO MAINTAIN THE BOOKS OF ACCOUNT OTHERWISE HE IS NOT REQUIRED TO MAINTAIN THE BOOKS OF ACCOUNT IF HIS INCOME IS LESS THAN RS. 120000/- AND TURNOVER RS. 10 LACS OR BELOW. THE ISSUE CAN BE MANAGED IN THE LIGHT OF ABOVE PROVISIONS CONSIDERING THE FACTS OF THE CASE.
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
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- 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
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
