Itr
This query is : Resolved
25 December 2015
Dear sir, My friend doing small business of medicines as a retailer without any shop he will buy medicines and sell and he will not maintain any books His approx sale 5 lacs.please suggest me which itr form fill and how many income show Financial year 14-15 and Can he show 3 lacs as income
CA R SEETHARAMAN
(Expert)
25 December 2015
File ITR 4S u/s 44AD so that no books need to be maintained. He can declare any profit on turnover 8%. or more.
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