NICSON JOHN (514 Points)
31 December 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178127 Points)
Replied 31 December 2022
Register second business also, at earliest..
NICSON JOHN
(514 Points)
Replied 31 December 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178127 Points)
Replied 31 December 2022
1. Registration under Shop & Establishment act, is mandatory. Also check if PF & ESI act liabilities.
2 Yes, you can declare contract income in ITR, but check with GST also.
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 31 December 2022
NICSON JOHN
(514 Points)
Replied 31 December 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 31 December 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178127 Points)
Replied 31 December 2022
If you declare in ITR and not in GST, there will be mismatch in data, inviting query from GST authority !!
Uma Tiwari
(58 Points)
Replied 31 December 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178127 Points)
Replied 31 December 2022
Fixed deposits are investment, and interest is assessed under Income From Other Sources, and not as business income.
sabyasachi mukherjee
(27579 Points)
Replied 31 December 2022
CAclubindia
