Itr use for e file of income tax return
This query is : Resolved
10 July 2012
Respected Sir
Thank You
But if i file return u/s 44AD and does not keep any
books of accounts of income & balance Sheet. Can income tax officer on any reason can demand books in future
Respected Sir
Thank You
But if i file return u/s 44AD and does not keep any
books of accounts of income & balance Sheet. Can income tax officer on any reason can demand books in future
11 July 2012
Assuming that your client is not a LLP and is resident, he can opt for 44AD as his gross total turnover is below 60 lakh. In that case 8% of Rs. 28.90.200 would be taken as his income chargeable to tax. Pls note that he can not claim benefit under chapter VIA. Pls also note that no benefit under section 30 to 38 can be claimed separately.
If you opt for 44AD, you need not maintain any books of account.
If you opt for 44AD, you need not maintain any books of account.
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