Taxation of ration shop income.
This query is : Resolved
JITENDRA KUMAR TYAGI
(Querist)
12 September 2014
I have a client whose income is from ration shop.My client want to file income tax return.
But i am confused whether income from ration shop is taxable or not ?
Please give reply for this query.
thanks & regard
Jitendra kumar tyagi
But i am confused whether income from ration shop is taxable or not ?
Please give reply for this query.
thanks & regard
Jitendra kumar tyagi
12 September 2014
taxable .
I think that business turnover below 1 Cr so Advisable that estimate the income at 8 % u/s 44AD and file the return
I think that business turnover below 1 Cr so Advisable that estimate the income at 8 % u/s 44AD and file the return
Soumitra Basu
(Expert)
07 May 2020
Your client is working under Public Distribution System on behalf of Government. His turnover is only commission.
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