Poonawalla fincorps
Poonawalla fincorps

Tax on dance studios

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(Querist)
16 September 2020 Hi I want to know about all kinds tax of taxes involved for running a Dance Studio.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 September 2020 18% GST applicable if gross receipts in a financial year exceed 20 lacs. Income tax applicable if profit earned exceed 2.50 lacs.
Shops and establishments license from local authority.

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