Limit of turnover
This query is : Resolved
09 October 2013
what are the limits specified for a retail business (Confectionary shop) after which it becomes mandatory to maintain books for itr 4 and 4s in termms of turnover and profits
10 October 2013
if you are eligible to claim presumptive income taxation under 44AD (including limit over turnover: Rs 1 cr) and you are offering profit equal or more than 8%, you are not required to maintain books.
Else you are required to maintain books if your income exceeds Rs 1.2 Lakh or your total receipts exceed Rs 10 Lakhs
Else you are required to maintain books if your income exceeds Rs 1.2 Lakh or your total receipts exceed Rs 10 Lakhs
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Copyright software
- Value of property in capital gain
- When TDS on GST applied
- Annual return in Gst
- FORM 26A APPLICABILITY
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
