Hi All,
I own a small company in my town. It's got registered with Labor officer.
My business is to provide online IT training to my clients/consultants (In USA) from different locations in India. I usually get INR 5 Lakhs per month (receive to my or my friends bank accounts over xoom, paypal, remitly many more). Out of this i pay around 2 lakhs for my online tutors (i maintain around 10-15 tutors per month) and office maintenance will be INR 30K. I have 3 employees, i pay INR 20K as salaries. I have been running this business since last 1.5yrs. I never pay any tax before in fact i am not aware of this before. I just want to do all the formalities from now on wards. Please provide me the suggestions. How pay tax, how much should i pay, how much should i deduct TDS from my tutors/employees etc.. Sometimes i pay only 10K per each tutor (per month) but sometimes i may pay around 50K to 1 lakh for some tutors. All depends on the flow of business. I pay though NEFT/IMPS. I have a current account
I own a small company in my town. It's got registered with Labor officer.
My business is to provide online IT training to my clients/consultants (In USA) from different locations in India. I usually get INR 5 Lakhs per month (receive to my or my friends bank accounts over xoom, paypal, remitly many more). Out of this i pay around 2 lakhs for my online tutors (i maintain around 10-15 tutors per month) and office maintenance will be INR 30K. I have 3 employees, i pay INR 20K as salaries. I have been running this business since last 1.5yrs. I never pay any tax before in fact i am not aware of this before. I just want to do all the formalities from now on wards. Please provide me the suggestions. How pay tax, how much should i pay, how much should i deduct TDS from my tutors/employees etc.. Sometimes i pay only 10K per each tutor (per month) but sometimes i may pay around 50K to 1 lakh for some tutors. All depends on the flow of business. I pay though NEFT/IMPS. I have a current account
CAclubindia
