Ekant Trived! (Article assistants) (29 Points)
10 December 2012FRIENDS/SIR PLS HELP ME IF POSSIBLE....
HOW TO FILE A "NIL" RETURN OF A SUB-CONTRACTOR-INDIVIDUAL....HAVING INCOME OF RS15,00,000 ....
HAVING NO DEDUCTION U/S 80...PLS HELP ME AS SOON AS POSSIBLE...MY MOTTO IS TO KNOW WHICH DEDUCTIONS ARE AVAILABLE TO HIM...
Yogesh Bhandari
(CA FINAL Student)
(429 Points)
Replied 10 December 2012
I think it should be gross turnover of Sub-contractor of Rs. 15 lakh. And, he can claim presumptive income benefit u/s 44AD. Therefore, there is nil return should be filed for that assessee.
Ekant Trived!
(Article assistants)
(29 Points)
Replied 11 December 2012
| Originally posted by : Ekant Trived! | ||
 |
FRIENDS/SIR PLS HELP ME IF POSSIBLE.... HOW TO FILE A "NIL" RETURN OF A SUB-CONTRACTOR-INDIVIDUAL....HAVING INCOME OF RS15,00,000 .... HAVING NO DEDUCTION U/S 80...PLS HELP ME AS SOON AS POSSIBLE...MY MOTTO IS TO KNOW WHICH DEDUCTIONS ARE AVAILABLE TO HIM... |
 |
CA Kamal Garg
(practitioner)
(143 Points)
Replied 14 December 2012
As you told in your quaery that you client has income of Rs. 1500000/- pls tell if the assesee has a tds deducted from this or not or please tel if his principal contractor maintains proper books of a/c or not?
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
CAclubindia
