Itr for proprietor
This query is : Resolved
Rakesh Sharma
(Querist)
05 June 2014
An Individual having the following incomes during the f.y. 2013-14 :-
1) 175410 NP from a Proprietor business
(Manufacturing), NP is more than 8%
2) 9790 FDR Intt.
3) 4110 Saving Intt.
Whether he is liable to file ITR or not?
Please advise.
1) 175410 NP from a Proprietor business
(Manufacturing), NP is more than 8%
2) 9790 FDR Intt.
3) 4110 Saving Intt.
Whether he is liable to file ITR or not?
Please advise.
05 June 2014
He can file ITR4S if regular books of accounts are not maintained otherwise he can file ITR-4 as regular business.IF GTI exceeds 2L then one is obliged to file ITR.
Nikhil Kaushik
(Expert)
06 June 2014
he is not liable to file the tax return but still can file it.
07 June 2014
you have an option to file itr 4s............
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