Mandi Bahauddin city, around its grain market, Phalia Road and the bazaars near the railway station, is where the district's traders, jewellers, property dealers, travel agents and professionals work. This page covers city-based taxpayers.
This page covers Mandi Bahauddin property dealers, visa agents and jewellers. For the full district guide, see tax consultant in Mandi Bahauddin.
Property Dealers
Estate agents in Mandi Bahauddin handle many sales for owners living in Europe. Their income is the commission they earn, not the value of the property; the buyer and seller pay their own advance taxes. Agents who receive commission through banks should keep a register of each deal.
Travel and Visa Agents
Agents booking flights to Europe and the Gulf and helping with visa applications earn service charges and commission; ticket prices passed to airlines are not their income.
Jewellers
Weddings funded from abroad keep jewellers busy. Gold bought, sold and exchanged is recorded by weight and value, with stock weighed on 30 June.
Grain Market Arhtis
Commission on wheat and rice, less shop costs, is income; advances to farmers are receivables.
Clinics and Schools
Doctors, laboratories and private schools keep fee registers and supplier invoices.
Money Transfer Agents
Agents paying out remittances earn commission from banks and exchange companies; only that commission is their income.
Rent from City Shops
Shop owners on Phalia Road and in the main bazaar declare rent as property income, with tenant withholding claimed.
Building Material Dealers
Cement and steel dealers supplying the many houses being built with money from abroad record sales to contractors and families.
Frequently Asked Questions
Is a property dealer taxed on the sale price?
No, only on commission.
Are ticket prices a travel agent's income?
No, only commission and service charges.
How do jewellers record exchanged gold?
By weight and value as a purchase.
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