A registered composite scheme dealer outward supply details mentioned below
1.sales of medicines for business rs:80 lacs yearly tax 1 precentage pay
2.sec 194j fees and technical services income rs:30 lacs .
3.rents from shops rs:3,60,000/-
4.agrilculture income rs:2 lacs.
5.interest income from partnership firm rs:3 lacs
question:
dealer opt composition scheme eligible or not
2.sec 194 j fees income and interest income taxable or exempted.
3.agrilculture income exempted turnover show in compulsory in returns.
Menu
Composition scheme eligible and taxable or exempted
Replies (2)
Quick Summary
1. No cannot carry business under Composition scheme: Reference 2nd proviso under Section 10(1) of CGST Act.
2. Yes taxable Except interest income.
3. Agriculture income exempted.
2. Yes taxable Except interest income.
3. Agriculture income exempted.
Sec 194 J professional fees . what type of professional fees.?
Recent Topics :
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
Related Topics :
CAclubindia
