Income tax applicability
This query is : Resolved
Renjith.R.s.
(Querist)
04 January 2021
An individual is running a stationery shop with turnover for FY 19-20 is within Rs 4 lakhs. While submitting his IT return whether business books should be signed by CA? Which ITR form is required for IT submission? What is the due date for FY 19-20?
CA R SEETHARAMAN
(Expert)
04 January 2021
The profit earned on such turnover should have been less than 2.50 lacs hence no need to file income tax return and certified by CA. The due date is 10th January 2021. No need for CA certification.
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