Menu
Composition with service portion
If dealer is under composition scheme in F.Y.19-20 and he also provided services of Rs.25000 which is less than Rs.500000 as per new amendment. My query is , at what rate i need to pay tax on this service portion of Rs.25000? Is it 1% or 6%?
Replies (1)
6%, as it is mentioned in the Notification
Recent Topic
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
Related Topics
CAclubindia
