ITR 4
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2011
IN ITR4 OPTION IS THERE WHETHER BOOKS OF ACCOUNT IS MAINTAINED OR NOT. SO WHEN WE HAVE TO MAINTAIN BOOKS OF ACCOUNT.
IF INCOME IS 159000/- THEN WE HAVE MAINTAIN BOOKS OF ACCOUNT IN BUSINESS OF REAL ESTATE AGENT.
IF INCOME IS 159000/- THEN WE HAVE MAINTAIN BOOKS OF ACCOUNT IN BUSINESS OF REAL ESTATE AGENT.
11 July 2011
if the income from business exceeds one lakh twenty thousand rupees or total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds ten lakh rupees in any one of the three years immediately preceding the previous year
or
where the business is newly set up in any previous year, the income or gross receipts exceeds the above limit
Hence, you have to maintain books
or
where the business is newly set up in any previous year, the income or gross receipts exceeds the above limit
Hence, you have to maintain books
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