Taxability
This query is : Resolved
21 January 2014
DEAR EXPERTS,
PLEASE ADVISE US ABOUT FOLLOWING:-
IF TWO PERSON WORK TOGETHER FOR SCIENCE AND TECNOLOGY.
THERE IS NO WRITTEN AGREEMENT BETWEEN THEM.
WHAT KIND OF TAXABILITY IN INCOME TAX TO BE LEVY ON THE RECEIPTS RECEIVED BY THEM.
PLEASE ADVISE US ABOUT FOLLOWING:-
IF TWO PERSON WORK TOGETHER FOR SCIENCE AND TECNOLOGY.
THERE IS NO WRITTEN AGREEMENT BETWEEN THEM.
WHAT KIND OF TAXABILITY IN INCOME TAX TO BE LEVY ON THE RECEIPTS RECEIVED BY THEM.
21 January 2014
Income received by them will be chargeable to tax under profit and gains of business and profession
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
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
