18 July 2015
dear friends
Iam having a proprietor ship organization . My annual turnover for the A y 2015-16 is below 50/lakhs and my income will not exceed 5 lakhs. Iam intending to file itr returns for the said assessment periood. Which ITR returns I should file whether my returns can file physical paper(manually) while submitting IT dept or it is on line and what will be the last date. Please kindly inform me as early as possible. As I would like to visit out of country
thanks
Chandrasekhar
18 July 2015
You can opt for assessment u/s 44AD by declaring 8% profit on your turnover and file return ITR 4S. No need to maintain books of account. You have to file the return online. The last date is 31-08-2015.