A client is NRI residing outside India having proprietorship business here. He hold property on his name outside India where he resides.
The query is whether to show property held by him outside India in ITR? Or Just to show business details of Indian venture i.e. Proprietorship Business only?
And other Important details to be reported in ITR by him.
24 May 2016
you have to fill are the information which is related to the assessee. there is no option for non declaraion. for business if sales are Rs. 100 lacs or more then take audit report u/s 44AB.otherwise your can declare income u/s 44AD.
CAclubindia
