Labour contract

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50 Points Posted on 22 August 2018

DEAR SIR 

 I HAVE LABOUR SUPPLIER LICENCE AND  I RECD MONEY IN MY ACCOUNT ON  BEHALF OF ADVANCE PAYMENT TO LABOUR ..BUT ACTUALY I EARN COMMISSION ONLY . ON MY ACCOUNT ADVANCE PAYMENT IS ABOUT 40 LACS BUT EARNING COMMISSION IS 3 LACS ONLY ... CAN I SHOW RECEIPTS BY  PROFESIONALS UNDER 44ADA  TURNOVER IS 40LACS OR 3 LACS  ? 

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On 22 August 2018 at 17:25 Report
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867 Points Posted on 22 August 2018
first of all you are not eligible for 44ADA
And secondly whole receipts will be considered as your income but you can claim expenses too accordingly
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On 22 August 2018 at 18:59
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B.Com
50 Points Posted on 22 August 2018

BUT THIS IS FALLS UNDER THIS CATEGORY OR NOT 

PROFESSION -Labour recruitment and provision of personnel -16014

 

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On 22 August 2018 at 19:38
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81 Points Posted on 23 August 2018
If the man power your supply render professional services, then the income your earn is professional income. Since the man power your supply are not professionals and they do not render professional services you are earning business income.
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On 23 August 2018 at 01:04

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