Consultancy service...... to whom tax to be paid...
KISHAN DUTT KALASKAR
(Querist) 17 April 2012
This query is : Resolved
My brother in law running a consultancy under name "Kalaskar Educational Servcices" and having website www.kesstudent.com. It deals with correspondence online guidance to the students as to what scholarships he/she is elgible to apply for the basis upon individual bio-data. It is running upon NO LOSS NO PROFIT basis.
What type of taxes this business requires to be paid and to which office.?
Which licences this business requires ?
To whom returns have to be submitted etc..?
It is a proprietorship firm....running in Karnataka State.
THANK U....
Raj Kumar Makkad
(Expert) 18 April 2012
It should get license under Shops and commercial establishment act prevalent to his State and as he is not earning anything so no tax liability is there.
Shonee Kapoor
(Expert) 18 April 2012
Is it registered as Sec 25 company?
Better get it registered like this to avoid future complications.
Service Tax is to be paid on revenue and not on the basis of income.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Vineet
(Expert) 18 April 2012
Service tax and Income Tax
Shashikant V. Patil
(Expert) 18 April 2012
Mr. Makkad is rightly stated. However, only service tax required and since there is no income no income tax.
