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Filing of Firm Return

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 October 2010 Kindly let me know that

If a firm's income is below taxable limit
Is it necessary to file firm's Income tax return?

Thanx in advance.

23 October 2010 i would like to clear you that taxable limit is not applicable to Firms

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 October 2010 firm's income is below 1 crore......

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 October 2010 query is

a propritorship firm with income below 1 crore.
proprietor filing sales tax returns properly.

24 October 2010 income is above 40 lakh turnover then you have to file IT return and audit is also compulsury


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