I M IN RECEIPTS OF RS. 1200000 LESS TDS OF 12000
THE AMOUNT IS RECEIVED AS 194C SHOOTING & FILMS
SHALL I HAVE TO TAKE SERVICE TAX NO.?
SHALL I HAVE TO PAY SERVICE TAX?
ON WHICH AMOUNT?
CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)
19 March 2015I M IN RECEIPTS OF RS. 1200000 LESS TDS OF 12000
THE AMOUNT IS RECEIVED AS 194C SHOOTING & FILMS
SHALL I HAVE TO TAKE SERVICE TAX NO.?
SHALL I HAVE TO PAY SERVICE TAX?
ON WHICH AMOUNT?
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 19 March 2015
I assume that you received consideration for playing a role in the films...so you are a professional actor and liable to pay ST.
So,immediately obtain registration,pay tax on in excess of Rs. 10 lacs and also file return.