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.
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