Tax planning for kirana store in joint family
This query is : Resolved
14 November 2016
Hello experts...
I want your expert opinion..
Let three people from same family are engage in a kirana store shop. No tax return has been file and not VAT registration taken. The place of business in Bihar.
Please suggest me tax planning. whether i can show return 44AD in three different person working. These person are from same joint family..
Waiting for your reply....
I want your expert opinion..
Let three people from same family are engage in a kirana store shop. No tax return has been file and not VAT registration taken. The place of business in Bihar.
Please suggest me tax planning. whether i can show return 44AD in three different person working. These person are from same joint family..
Waiting for your reply....
15 November 2016
Yes kirana income can be shown u/s 44AD but there can be only one properietor in VAT as well as in income tax return.
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
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Applicability of Ind As to associate of associate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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 einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
