Tax query

Vishal Varun (Student) (648 Points)

08 January 2015  

My Friend have a shop of furniture Can you Please tell me what kind of taxes applied on them
1. Is there any production or manufacturing tax ? How much amount is Exempt ?

2. Is VAT applicable on that ? Limit for that exemption ?

3. how these taxes Influence the Income Tax ?

if there is any other kind of taxes Please mention here .

Thanx in Advance