Not matintain book of accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2015
Dear experts,
A partnership firm was incorported in Nov. 2013 since then neither proper books of accounts was maintained nor any income tax ruturn was filled till date, plzz clarify how to file it's income tax return for AY 2014-15 and 2015-16, however it's turnover not exceed 1 crore in any AY......
Thanxx & Regard
Aman Saxena
A partnership firm was incorported in Nov. 2013 since then neither proper books of accounts was maintained nor any income tax ruturn was filled till date, plzz clarify how to file it's income tax return for AY 2014-15 and 2015-16, however it's turnover not exceed 1 crore in any AY......
Thanxx & Regard
Aman Saxena
10 December 2015
For Partnership Firm you have to maintain books , Turnover is not criteria. Make books Ready file your tax for 2014-15 & 2015-16. If you declare less than 8% Below 1 Crore Turnover than you have to file tax audit
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