Not filed income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2015
Dear Experts,
One of client has incorported the partnership firm in december 2011 since then not any income tax return is filed yet however it's proper books of accounts also was not maintained, plz guide me to filed it's Return for AY 2014-15, 2015-16, should i opt section 44AD, also clarify if i filed return u/s 44AD then is it possible that the dept. May issue the notice to produce it's books of accounts,
Thanxx & Regard
Rohit Kalra
One of client has incorported the partnership firm in december 2011 since then not any income tax return is filed yet however it's proper books of accounts also was not maintained, plz guide me to filed it's Return for AY 2014-15, 2015-16, should i opt section 44AD, also clarify if i filed return u/s 44AD then is it possible that the dept. May issue the notice to produce it's books of accounts,
Thanxx & Regard
Rohit Kalra
Nikhil Kaushik
(Expert)
18 December 2015
if 44AD is used, books cannot be called for. However, you can still be asked submit documents like bank statements, proof of turnover etc...
Ankur Singhal
(Expert)
18 December 2015
Agree with the expert Nilhil
Turnover proof
that may be the bills issued or the bank payments received should be available with you.
Turnover proof
that may be the bills issued or the bank payments received should be available with you.
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