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How much tax should I pay on vegetable trade
19-Feb-2023 (In Tax Law)
I trade in vegetables. Purchase from farmers and sell it at sabji mandi. I want to ask about tax that how much tax i should pay.
We have understood your query and we can help you, once we have more detail and information about the quantam of trade in the item involved. You may contact us with your financial papers and we can advise you accordingly
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Trading means business activity, which charged as per Income tax act, 1961. The amount of tax is depend on your turn over of business.
if you are selling directly to customer or consumer, you have to pay as per the VAT rates.
if you are selling directly to customer or consumer, you have to pay as per the VAT rates.
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Adv. Deepak Gandhi
Delhi | 100+ Answers
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