It return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2014
When a small businessman not having proper books of accounts ask to file IT return how to calculate his income.
In case if we file return u/s 44AD how to calculate his turnover, debtors,creditors,stock and cash balance.
In case if we file return u/s 44AD how to calculate his turnover, debtors,creditors,stock and cash balance.
25 February 2014
Section 44AD will be applicable if the turnover is less than Rs. 1 crore.
In that case ask the assessee to give the turnover amount and the profit percentage that he wants to declare.
In that case ask the assessee to give the turnover amount and the profit percentage that he wants to declare.
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
- ETDS return q4 25-26
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
