job wok for unregistered customer

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2010 can anyone plz tell me................is there any ad-hoc deduction basis for insurance agent income tax return......plz reply its very urgent...........

praful

praful (Querist)
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24 May 2010 My one of customer who is not required to be registered with excise Dept. had send the material in normal challan and asked us to do the job work.

As a registered unit what short of procedure to be adopt to do the same.

Whether excise dept. asked for any form, or asked to pay duty on total assessable value.

or we have to pay service tax

we are doing galvanising of MS-Angle.

AS per excise galvanising is amount to manufacture.

Please advice on this matter urgently.

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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24 May 2010 refer circular no.594 dt.15-05-1991, if your gross commission is less than 60000/-, then you are entitled to get adhoc deduction.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2010 thank u sir

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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03 June 2010 Galvanising amounts to manufacture and therefore the value of material along with the job chanrges are to be considered while calcuating whether the Rs. 150 lakhs exemtion limit has been corssed.
Over that liable and credit can be availed on pinputs.