Taxability
This query is : Open
16 December 2016
If an assesee is having one shop and do business of trading and his son also co assist his father in that business then how the profitability will be taxed and in whose hands.
16 December 2016
Profitability taxed in the hands of father.
17 December 2016
then in his son's itr no business income will be shown
17 December 2016
Yes, you can show salary from business
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
- Clarification Regarding Applicability of Guidance Note on Financial Statements of Non-Corporate Enti
- TAX AUDIt us 44AB
- Where to Find Inspiration for Business Management Dissertation Topics?
- ALIMONY AND MAINTENANCE CHARGES
- Document to add trade name
- GST Partners addition
- Non-disclosure of Foreign Shares & Dividend in Past ITRs – How to Rectify & Report Now?
- ICWAI-Final best coaching center for online by English
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Refund_ Insufficient in credit ledger
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
