LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Filing due date for propreitor

Balaji M (Officer Accounts) (48 Points)

29 July 2014

Dear Friends,

Please clarrify whether Income Tax filing date is 31.7.2014 for propreitorship also?. Even in case of business loss also to file with in the above said due date.

Regards

M Balaji

Reply
Follow
Share

2 Replies

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 29 July 2014

Yes balaji, if you are not covered under tax audit(sec 44AB), then your due date is 31.07.2014

Even in case of loss, same date will apply.

Tax audit is mandatory if your gross receipts/ turnover is more than 1crore for business & 25 lacs for profession.

1 Like

Varsha (Student) (1164 Points)
Replied 29 July 2014

Originally posted by : saloni
	Yes balaji, if you are not covered under tax audit(sec 44AB), then your due date is 31.07.2014 Even in case of loss, same date will apply. Tax audit is mandatory if your gross receipts/ turnover is more than 1crore for business & 25 lacs for profession.