Cash transaction
Sangeeta
(Querist) 10 November 2016
This query is : Resolved
Respected Sir, Please provide me your opinions: My Client is running a business of Tax Payment Services and engaged in consultancy business having a valid Trade License, my question is he is maintaining Current Account for transaction and he use to collect cash from different client and he paid the online tax on behalf of his client such as Income Tax, Service Tax & VAT Tax. Secondly accepting of Cash and making of online payment in favor of Direct Taxes and Indirect Taxes against which he charges Rs. 50/- as tax payment charges for each transaction, is there any wrong in the above business, or is their any violation of provision of Income Tax or any other Law. Please advice me.
Guest
(Expert) 10 November 2016
Better Post this in" CA Club" of this Same Forum
R.K Nanda
(Expert) 10 November 2016
consult tax lawyer.
Guest
(Expert) 10 November 2016
A brainy academic query. Real problem, if any, has not been discussed.
Can be replied provided complete description of the problem is given and how you are related with the case, if there exists any real problem.
The question arises, what the books of accounts of their clients show about such transactions?
Rajendra K Goyal
(Expert) 10 November 2016
He can work as tax consultant, can not appear in cases.
If the departments for which he is working issue authority / license for such service, he can provide service otherwise.
Kumar Doab
(Expert) 10 November 2016
Consult your tax lawyer with all papers.
Ms.Usha Kapoor
(Expert) 11 November 2016
Send the case to me by email. I'd offer a solution.
Rajendra K Goyal
(Expert) 11 November 2016
Repeated query:
Strange enough, you have repeated the query at following link with another name.
http://www.lawyersclubindia.com/experts/Cash-transaction-622686.asp
Kuummaar AS
(Expert) 11 November 2016
Sangeeta aka Riya
HAVE MERCY ON EXPERTS. YOU MAY BE IDLE. PLEASE MAKE USE OF YOUR PRECIOUS TIME IN IMPROVING YOUR OWN LIFE OR LIVES OF YOUR DEAR ONES.
Kumar Doab
(Expert) 11 November 2016
Agreed.
Pls don't repeat.
Pls don't repeat with another identity.
Rajendra K Goyal
(Expert) 12 November 2016
Why to repeat / post with different names?
If not satisfied with the replies in this section, should contact local lawyer for detailed discussion / guidance.
