Income tax return
This query is : Resolved
22 July 2013
hi experts,
one of my client has proprietor ship business.now he has a shop (place of his business) registered at his own name..so how should i treat his shop in making his ITR IV
one of my client has proprietor ship business.now he has a shop (place of his business) registered at his own name..so how should i treat his shop in making his ITR IV
22 July 2013
you do not have to make disclosure of place of business or shop details if you have income below 25.00 lacs.
If you have income above 25.00 lacs you have to give the details of assets & Liability where you have to delcare the shop.
Further more, do not charge rent in your proprietory business if it is run from the same premesis
If you have income above 25.00 lacs you have to give the details of assets & Liability where you have to delcare the shop.
Further more, do not charge rent in your proprietory business if it is run from the same premesis
22 July 2013
Means if business man has income less than 25 lakh no need to fill b/s portion of ITR IV
22 July 2013
If you are operating shop, then you have to make b/s and combine with other business b/s to make consolidated.
If you own shop (premises) which is used by you for you proprietory business than declaration of asset (shop) is not necessary.
If you own shop (premises) which is used by you for you proprietory business than declaration of asset (shop) is not necessary.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Free lancer income
- What is provisional receipt number for generation of form 16A
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
