I.t.r
This query is : Resolved
Sankar Chakraborty
(Querist)
26 May 2012
DEAR eXPERTS,
FOR E-FILING FOR THE YEAR F.Y. 11-12, A INDIVIDUAL WHO HAS A PROPRIETORSHIP COMPANY WHICH I.T.R. IS TO BE USED ? FOR THE FIRST TIME WHAT IS THE FORMALITIES TO BE DONE ? PLEASE HELP
FOR E-FILING FOR THE YEAR F.Y. 11-12, A INDIVIDUAL WHO HAS A PROPRIETORSHIP COMPANY WHICH I.T.R. IS TO BE USED ? FOR THE FIRST TIME WHAT IS THE FORMALITIES TO BE DONE ? PLEASE HELP
CA PARAS BAFNA
(Expert)
27 May 2012
The return will be filed in the name and PAN of the Individual in ITR 4S. He has to show Presumptive Income @ 8% of turnover if turnover of his business is less than Rs. 60.00 Lacs.
.
If he opts to get his accounts audited, he may show even lesser profit than as said above. ITR 4 will be applicable.
.
.
If he opts to get his accounts audited, he may show even lesser profit than as said above. ITR 4 will be applicable.
.
Mukesh Goyal
(Expert)
27 May 2012
Yes agreed with Mr Bafna !!!!
Thanks & Regards
CACS Mukesh Goyal
+91-99105-30973
MUKESHGOYAL29@GMAIL.com
Thanks & Regards
CACS Mukesh Goyal
+91-99105-30973
MUKESHGOYAL29@GMAIL.com
Sankar Chakraborty
(Querist)
28 May 2012
thanks paras sir
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