Please guide me how I can file Income Tax Return of a milk trader.He is purchasing milk from companies like amul and selling it to people and he is not maintaing any books of accounts.His monthly turnover is Rs.1 lakh.
VIAKS CHOUDHARY
(STUDENT)
(31 Points)
Replied 06 June 2017
jinal
(student )
(23 Points)
Replied 06 June 2017
In which code should I file as it is exempt from Income Tax?
gowtham
(Audit executive)
(70 Points)
Replied 06 June 2017
Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 06 June 2017
If the nature of income earned from this activity is of nature of COMMISSION on sale, then presumptive taxation under section 44AD cannot be opted for.
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 06 June 2017
Shivani Thacker
(.Student)
(107 Points)
Replied 08 June 2017
CAclubindia
