Changes from books to no-books
This query is : Resolved
Sumit Shaw
(Querist)
13 July 2019
Hello guys, I want to opt for maintaining no books of accounts as per ITR 5, last year I have shown books of accounts and this year I wanted to opt for no-books in ITR. Please share the pro and cons for doing this.
CMA ALKESH PATEL
(Expert)
15 July 2019
YOU CAN FILE ITR 4 AS PRESUMPTIVE INCOME BUT YOUR TURNOVER DOES NOT EXCEED 2 CR.
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