Dear Dignities,
I have started a new business, it is service based Industry (Photo studio business). It is like designing the album and delivering to the customers according to their preferences, now I need to register my studio, so that I need to know how to calculate tax for this of business.
Please guide me in better way!
Advance gratitude for the time and efforts to be taken.
From India, Madras
I have started a new business, it is service based Industry (Photo studio business). It is like designing the album and delivering to the customers according to their preferences, now I need to register my studio, so that I need to know how to calculate tax for this of business.
Please guide me in better way!
Advance gratitude for the time and efforts to be taken.
From India, Madras
Dear Dignities,
I have started a new business, it is service based Industry (Photo studio business). It is like designing the album and delivering to the customers according to their preferences, now I need to register my studio, so that I need to know how to calculate tax for this of business.
Please guide me in better way!
Advance gratitude for the time and efforts to be taken
Thanks & Regards;
Reema Charlet.
From India, Madras
I have started a new business, it is service based Industry (Photo studio business). It is like designing the album and delivering to the customers according to their preferences, now I need to register my studio, so that I need to know how to calculate tax for this of business.
Please guide me in better way!
Advance gratitude for the time and efforts to be taken
Thanks & Regards;
Reema Charlet.
From India, Madras
Reema
Tax related queries is not something that can be answered on a vague partial data foundation.
That is a bad idea
You need to speak to a chartered accountant who will work with you to answer your questions.
By tax, I assume income tax, but you may also need to pay servo e tax or vat (see how easy it is to make a mistake on incomplete data). There are other registrations regarding shop and establishment, pf esic is the numbers are above 20, etc
Which city do you operate from ?
From India, Mumbai
2358Tax related queries is not something that can be answered on a vague partial data foundation.
That is a bad idea
You need to speak to a chartered accountant who will work with you to answer your questions.
By tax, I assume income tax, but you may also need to pay servo e tax or vat (see how easy it is to make a mistake on incomplete data). There are other registrations regarding shop and establishment, pf esic is the numbers are above 20, etc
Which city do you operate from ?
From India, Mumbai
Hi Ms. Reema
As Mr. Banerjee advised you should approach Chartered accountant or any Tax consultants for Calculation of Tax purpose.
Apart from that if your business turnover exceeds Rs. 10Lakh per annum in service income then you should register with Service Tax. I Do feel as there is income from sales too. As you are selling albums sales is involved. So You should enroll with Sales tax too.
Apart form that you should register with Tail Nadu shops & commercial establishment Act & even with Professional Tax.
Once your establishment exceeds certain limit of employees then only you should enroll with ESI & EPF.
From India, Bangalore
As Mr. Banerjee advised you should approach Chartered accountant or any Tax consultants for Calculation of Tax purpose.
Apart from that if your business turnover exceeds Rs. 10Lakh per annum in service income then you should register with Service Tax. I Do feel as there is income from sales too. As you are selling albums sales is involved. So You should enroll with Sales tax too.
Apart form that you should register with Tail Nadu shops & commercial establishment Act & even with Professional Tax.
Once your establishment exceeds certain limit of employees then only you should enroll with ESI & EPF.
From India, Bangalore
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
P-TAX.csv