banner_ad

Income tax calculation for turnover

Tax queries 372 views 4 replies

Hi,

I am doing a business as a distributor and registered in SSI  Daily Turnover is 1 Lakh Per day,  but the profit of the business is only 0.5%.

Can you please guide me how to calculate the TDS.

Regards

Sham

Replies (4)

What is SSI?

Whose tax you want to deduct?

The turnover, GP details pertain to whom?

Please frame your question properly.

SSI is a registration with Small scale industries I want how to calculate for my income tax calculation based on the turnover

You can't deduct your own TDS.

The person dealing with you may deduct your tax at source depending upon the nature of transaction. Since you profit is only 0.5%, you may apply for lower deduction u/s 197 of the income tax act.

hi

I need the calculation sheet for computing tds

 

regards

Shahul


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details