Mandatory to file return??...plzzzz helpppp
Querist : Anonymous
i have a retail shop(sole proprietor) having a turnover of 65 lakhs around. previously when the limit for audit for rs 60 lakhs i was filling return and gets the accounts audited and mainting books of accounts.
now the limit is rs 1 cr is there any need to
1.file return
2.maintain books
3.gets accounts audited
as VAT is not applicabke for us and my income do NOT EXCEED BASIC EXEMTION LIMIT.
THANKS FOR ANSWERING.
2. same applies to audit and and maintenance of books.
2. yes
3. no if less then 1 crore.
Querist : Anonymous
one say to file return another say not to file
what to do???
Querist : Anonymous
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