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Parking contractor

Querist : Anonymous (Querist) 15 December 2011 This query is : Resolved 
one of my friend is parking contractor and he is paying money and getting the contract from the principal what tax ambit he falls in
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Nadeem Qureshi (Expert) 15 December 2011
your query is not clear
Raj Kumar Makkad (Expert) 15 December 2011
Tax shall be levied as per his income from business and profession after deducting all his expenses out of his receipts.
Shonee Kapoor (Expert) 15 December 2011
Income - Expenditure = net taxable income.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com
Devajyoti Barman (Expert) 16 December 2011
Yes right..
V R SHROFF (Expert) 16 December 2011
I AGREE WITH Shri Shonee Kapoor & Shri Raj
Shailesh Kumar Shah (Expert) 17 December 2011
but query is not much clear.

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