Menu
EXEMPTION
A trader has turnover of Rs 22 lakhs in the 1st year.. he got registered immediately when it crossed 20lks.. now for the 1st year on which amount he has to pay tax..?? 2lakhs or 22 lakhs??
Replies (2)
2 Lacs
He has to pay tax immediately after applying for registration.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
