Treatment of payment made behalf of others
This query is : Resolved
17 May 2014
Myself ARPIT KHANDELWAL , I AM DOING BUSINESS OF DOING ONLINE PAYMENTS OF VARIOUS BILLS AND ONLINE FORMS , IN WHICH HUGE AMOUNT OF TRANSACTIONS DONE BY US .
SO I WANT TO ASK THAT HOW WILL BE ALL THESE TRANSACTION WILL BE TREATED IN BOOKS OF ACCOUNTS AND HOW IT WILL BE SHOWN IT IN SERVICE TAX AND INCOME TAX .
ARPIT KHANDELWAL
SO I WANT TO ASK THAT HOW WILL BE ALL THESE TRANSACTION WILL BE TREATED IN BOOKS OF ACCOUNTS AND HOW IT WILL BE SHOWN IT IN SERVICE TAX AND INCOME TAX .
ARPIT KHANDELWAL
Rupesh Jain
(Expert)
22 May 2014
you can open separate a/c for this work and amount excess of fee collect from client will treat you income. and also your commission income over 10 lacs then you have to take service tax number.
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