Itr
This query is : Resolved
10 October 2013
Dear Expert,
can individual submit the ITR for last 3 years. (other than salary).
if it will be taxable, how do we reduce the taxable income (deduction or PL).
Pls pls suggest accordingly.....urgent.
Thanks
can individual submit the ITR for last 3 years. (other than salary).
if it will be taxable, how do we reduce the taxable income (deduction or PL).
Pls pls suggest accordingly.....urgent.
Thanks
10 October 2013
in normal course, you can file for last two years. however there are provisions for filing returns for earlier years too.
with regards to reducing tax liabilities, claim all the legitimate business expense. prepare a proper P&l to arrive at your taxable income.
with regards to reducing tax liabilities, claim all the legitimate business expense. prepare a proper P&l to arrive at your taxable income.
10 October 2013
Thanks dear expert. if the business promoted by two partner.
what kind expenses can be consider for PL.
what kind expenses can be consider for PL.
10 October 2013
Yes you can return file for the Two year.
Electricity Expenses, Rent expenses, printing & Stationery, Professional Fees,
Interest Charges, Bank Charges, Conveyance, Other General Expenses.
Electricity Expenses, Rent expenses, printing & Stationery, Professional Fees,
Interest Charges, Bank Charges, Conveyance, Other General Expenses.
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