Income tax

Efiling 687 views 11 replies

gud afternoon sir,  
                       in our co. a contractor of sweeping service and sir his firm is not register firm . we deduct his tds. he used his pan card no.he have seving account.his monthly payment approx 50 thousand. and sir total payment still approx 15 lakh his in saving account.than sir i want to ask u .
1-will he fill income tax return.
2-if yes than which form
3-what he will do for register their firm.
plz plz help me abt. this query. this is very urgent for me

Replies (11)

Under the I-T Act, if the total income of the assessee is below the exemption limit i.e it does not exceeds Rs. 1.80lacs without giving the effect of the deductions under Chapter Vi-A, then the assessee need not file his return of income.

However in your case the income of the asseessee is above the limit of Rs. 1.80 lacs, hence he will be requried to file his I-T retunr on or before 31st July.

Is the contractor a partnership firm.  If it is then it has to register ists fimr with the Registrar of Firms by submitting the requried forms to the ROF.  if it is propreitoary concern then there is no need of registeration of the firm. It has to get itself registered under the Bombay Shops & Establishment Act.

AND SIR WHAT FORM I WILL FILL

For registration of the firm you will need to do the following:

Fill From 1 for registration.  give all the details in teh fomr as requried.  given below is teh link for the Form

https://www.karunadu.gov.in/karigr/modeldeeds/Frm1.pdf

Prepare a partnership deed in English as well as in the language where the office of teh firm is situated.  The deed needs to be get notarized from A Notary.

submit the documents to the Register of Firms.

sir i m from uttarakhand than can i fill this form and sir which office i will deposit it

You are registering your fimr under the Indian P'ship ACt, which is common to the whole of India.  So you can fill this form.  You will ahve to submit it to the Registrar of Firms.  Please see the nearby office of the ROF near your locality.

SUPOOSE SIR  I M NOT A PARTNERSHIP FIRM AND I M PRORITERY  THAN WHT FORM I WILL FILL

There is no requirement for a proprietary concern to get itself registered unlike a p'ship firm which is required to be registered under the IPA Act.

However as you will be carrying on business, you will be required to obtain an liscense under the Shop Act of your state to carry on the business.

In Maharashtra the proprietary is reuried ot abtain an liscense under the Bombay Shops & Establishment Act to carry on the business.

IN UTTARAKHAND IN WHICH ACT I WILL REGISTER

sir can u tell me only this that my firm not register firm and sir what income tax form i will fill

You will be requried to file your I-T Return in Form ITR-4

SUPOOSE I M A PROPITEER THAN IN WHICH FORM I WILL REGISTER


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register