Itr for future & option : speculative business
This query is : Resolved
18 July 2019
MY QUESTIONS ARE
1. HOW TO CALCULATE TURNOVER
2. IF LOSS OR PROFIT LESS THAN 8% OF TURNOVER, THEN AUDIT APPLICABLE OR NOT
3. WHICH ITR.
THANKS IN ADVANCE FOR YOUR REPLY
1. HOW TO CALCULATE TURNOVER
2. IF LOSS OR PROFIT LESS THAN 8% OF TURNOVER, THEN AUDIT APPLICABLE OR NOT
3. WHICH ITR.
THANKS IN ADVANCE FOR YOUR REPLY
18 July 2019
1 Turnover is aggregate of loss and profit earned.
2 Yes provided taxable income earned.
3 File ITR 4 on presumptive basis else file ITR 3.
2 Yes provided taxable income earned.
3 File ITR 4 on presumptive basis else file ITR 3.
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