Basic Exemption Limit of 10 lacs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2010
Person is providing vocational training
it has become taxable from 27-02-2010
the person has Gross recipt for the financial year 2009-2010 above 10 lacs
but gross reciept for the period 27-02-2010 till 31-03-2010 is just 2 lacs
whether he will be eligible for exemption of 10lacs in current and 2010-11 year?
it has become taxable from 27-02-2010
the person has Gross recipt for the financial year 2009-2010 above 10 lacs
but gross reciept for the period 27-02-2010 till 31-03-2010 is just 2 lacs
whether he will be eligible for exemption of 10lacs in current and 2010-11 year?
01 April 2010
Once you have crossed the threshold limit, then you become liable to service tax, irrespective of gross receipts in next years.
03 April 2010
agreed
03 April 2010
100% agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
