HELLO FRIENDS, MY CLIENT HAS STARTED THE NEW BUSINESS
THEY MANUFACTURED THE GOODS FROM SOME OTHER PERSON AND USES THEIR NAME ON THE GOODS
BUT MANUFACTURING ACTIVITY IS DONE BY THE THIRD PERSON
PLS HELP ME WHAT ARE THE TAX PROVISIONS APPLICABLE
WHETHER HE IS TREATED AS TRADER OR MANUFACTURER
WHAT OTHER TAX LIABILITIES ARE THERE.
PLS HELP ME.
If the entire manufacturing activity is done by the third party and purchase of Raw materials, supply labour etc i.e. all manufacture related costs are handled and borne by the third party and only the selling marketing aspects are handled by your client only then your client will be treated as a trader.
CAclubindia
