Help Needed Please

Help Needed Please

48°
%e2%80%aa 91 94603 23745%e2%80%ac 20171018 161451
Deal Cadet
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I do a lot of transaction like small one as booking hotels for others , flight booking , online purchasing etc

I am a student is there any problem that i may face regarding taxes??

I am sure many here may also be worried of this. Please Help guys

15 Comments  |  
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Deal Cadet
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Yes there is always problem if you make transaction in lakhs.

Contact income tax lawyer

%e2%80%aa 91 94603 23745%e2%80%ac 20171018 161451
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gauravrockz wrote:

Yes there is always problem if you make transaction in lakhs.

Contact income tax lawyer

As i said small txns with ranging from 0-10k

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Deal Cadet
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Total amount of transaction in a financial year??

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Deal Lieutenant
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do this
calculate all the credit amount from your bank acc, if that amount is greater than 10l than the bank reports the acc
or if you cc annual spend is greater than 2l
just do one thing and you will be fine consult a ca or tax lawyer and he will guide you to file your Income tax returns, depending upon the amount of transaction done by you, you may or may not have to pay tax
but you will save yourself from any tax troubles

p.s – I am not a ca or any person with tax knowledge, all the above info is upto my knowledge, you may or may not follow my advice

%e2%80%aa 91 94603 23745%e2%80%ac 20171018 161451
Deal Cadet
59
117
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SARDARKHAN wrote:

do this
calculate all the credit amount from your bank acc, if that amount is greater than 10l than the bank reports the acc
or if you cc annual spend is greater than 2l
just do one thing and you will be fine consult a ca or tax lawyer and he will guide you to file your Income tax returns, depending upon the amount of transaction done by you, you may or may not have to pay tax
but you will save yourself from any tax troubles

thanks bro for help

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