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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
