Business return
This query is : Resolved
25 December 2007
Dear Sir,
As one my relative is a rickshaw driver, he want to file his income tax return to get the housing loan. Whether is it right to consider his income under business head ?
If yes , then whether he is also require to file Balance sheet,P & L A/c along with return? Whether he can file return for last 3 years now?
As one my relative is a rickshaw driver, he want to file his income tax return to get the housing loan. Whether is it right to consider his income under business head ?
If yes , then whether he is also require to file Balance sheet,P & L A/c along with return? Whether he can file return for last 3 years now?
25 December 2007
Yes, it is as usual business income calculation
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Clubbing of Income - Minor
- Regarding Individuals Retuned to India and Resident currently
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- ERROR IN DEPRECIATION CALCULATION IN PREVIOUS YEAR COMPANY'S BOOKS
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
