Tea

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014
I'M TEA MAKER AND MY TURNOVER IS 250000.
AM I SUBJECT TO INCOME TAX

Guest

Guest (Expert)

14 June 2014 Turnover doesnt makes u liable towards income tax dear....

its your profit which makes u liable for income tax... so kindly tell your profit

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

14 June 2014 if ur total income exceeds the basic exemption slab then only ur liable to tax.........

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014 BUT MY DOUBT IS HOW GOVT. CAN KNOW ABOUT IT.

Guest

Guest (Expert)

14 June 2014 and my doubt is why u want to hide it... whats the benefit of hiding this dear.

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014 I HIDE BECAUSE NON PAYMENT OF TAX BENEFICIAL FOR ME

Guest

Guest (Expert)

14 June 2014 does your profit is in excess of the basic exemption limit....if yes ... and u r hiding then its your choice dear... i cant comment on that.........

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014 THANK U
..............................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now