Tax return for small shop owner
Bhaskar (None) (32 Points)
31 July 2012Bhaskar (None) (32 Points)
31 July 2012
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 31 July 2012
Dear bhaskar, as your freinds income is below the exemption limit, he can file his ROI in aug12.
Bhaskar
(None)
(32 Points)
Replied 31 July 2012
CA Anushree jain
(CA)
(1531 Points)
Replied 31 July 2012
no not required (professional tax also)
its a business income and comes under head PGBP
but income is within exemption limit
so not required
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 01 August 2012
Dear Bhaskar in whihc state does your freind reside, the PT is levied at different rates by the different states. So the PT liability would arise depending upon the state in which your freind resides.
Bhaskar
(None)
(32 Points)
Replied 01 August 2012
Thanks Anushree..!!
Giridhar he resides in Maharashtra..!!
sadashiv Rupchand Gaikwad
(Proprietor)
(521 Points)
Replied 16 September 2012
In Maharashtra there iscompulosry to Pay Profession Tax of Every shop Owner under Entry No10.
It is better to file ITR4S to the ITD
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India