Taxability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2015
A GROUP OF DOCTORS FROM A GOVT HOSPITAL HAD CONDUCTED A CONFERENCE. REGISTRATION FEES AND SUBSCRIPTION FROM THE COMPANIES WAS THE AMOUNT RECEIVED. THEY HAVE TAKEN A PAN NUMBER TO GIVE TO THE COMPANIES FOR RECEIVING FUNDS FOR SPONSERSHIP. NOW AFTER CONDUCTING THE CONFERENCE THEY ARE TO TRANSFER THE AMOUNT IN EXCESS TO THEIR PARENT MEDICAL ASSOCIATION. THEY HAVE DEDUCTED TDS WHEREEVER REQUIRED AND HAVE FILED THEIR TDS RETURNS ALSO.
NOW MY QUESTION IS
1. SHOULD THEY PAY TAX FOR THE EXCESS OF INCOME OVER EXPENDITURE DUE TO THE CONFERENCE.
2.IF YES IN WHAT STATUS SHOULD THEY FILE.
3. IS THERE ANY EXEMPTIONS FOR THESE TYPE OF CONFERRENCES.
NOW MY QUESTION IS
1. SHOULD THEY PAY TAX FOR THE EXCESS OF INCOME OVER EXPENDITURE DUE TO THE CONFERENCE.
2.IF YES IN WHAT STATUS SHOULD THEY FILE.
3. IS THERE ANY EXEMPTIONS FOR THESE TYPE OF CONFERRENCES.
02 January 2015
firstly how the grp of doctors have registered under income tax act? whether as trust or aop etc
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2015
The Grp have got their pan number as aop
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
- Change details filed in original return
- Query on applicability of Small Company, CARO & IFC
- Negative liability in GSTR-3B
- Cg on ancestral property sale distribution
- Hsn for gst 9 purchases
- Regarding total income exceeds 1 cr
- ANNUAL RETUTN
- ASSOCIATES & JOINT VENTURE NET WORTH ATTRIBUTABLE TO SHAREHOLDING AS PER LATEST AUDITED BALANCE SHE
- Applicability of GST on Paying Guest
- GSTR - 9 Input Tax Credit
- Admob/Adsense income
- Where to show ITC re-claim amount in GSTR 9
- GSTR 9 table 4 and table 10 query
- GST on Rent a Car Service
- Multimodal Transport
- Exchange old jewellery to new Jewellery from unregistered dealer.
- GSTR-9 TABLE-6A1
- QUERY STOCK TRANSFER
- Gst no of supplier cancelled from 2017
- POINT NO. B(8) OF FORM NO. 15CB
Trending Online Classes
CAclubindia
