I.t.r
This query is : Resolved
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
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.
.
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
28 May 2012
thanks paras sir
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