what tax will be applicable.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2010
one of my friend is carrying on an business of car mechanic. what are the taxes applicable to him , he had made an turnover above 20lacs inclusive of parts purchased from outside for the cars for repairing purpose.but there is no sales of parts done by him. what he receive is only lab our charges as income.
20 May 2010
ON purchase of parts VAT shall be aplicable.
If purchase it out side of his sates, then CST shall be applicable.
In providing Labour services Service Tax is applicable.
Finally On Income of 20L Income Tax is also applicable.
If purchase it out side of his sates, then CST shall be applicable.
In providing Labour services Service Tax is applicable.
Finally On Income of 20L Income Tax is also applicable.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- GST not cancelled by tenant
- Capital gain on sale and purchase of plot
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
