personal income tax filling?

This query is : Resolved 

28 March 2008 For e.g. i want to file personal income return for individual. i will be able to or qualifi to file the return? in which limit?the a/c is audited or not?

28 March 2008 if the individual is not having any business, then account need not be audited.
Further, if he is carrying on business and not covered by section 44AB, no audit is required.

28 March 2008 if the individual is not having any business, then account need not be audited.
Further, if he is carrying on business and not covered by section 44AB, no audit is required.

28 March 2008 if the individual is not having any business, then account need not be audited.
Further, if he is carrying on business and not covered by section 44AB, no audit is required.

28 March 2008 FOR ANY BUSINESS WITH GROSS SALES OF RS. 40 LAKHS P.A,OR PROFESSIONLA WITH GROSS RECEIPTS OF RS. TEN LAKHS P.A ,THE NEED FOR TAX AUDIT ARISES . OTHERWISE NO.
IF THE ABOVE TWO CASES ARE NOT COVERED BY YOU , THEN YOU HAVE TO FILE IT RETURN ON OR BEFORE JULY .
IF NO REFUND OR REVISED RETURN IS INVOLVED ,THEN YOU MAY FILE IT REURN BEFORE 31 ST MARCH .OTHERWISE A PENALTY OF RS. 5000 IS LEVIABLE FOR NONFILING OF IT RETURN WHERE IT IS LIABLE TO BE FILED.
R.V.RAO

28 March 2008 YOU CAN FILE THE INDIVIDUAL RETURN


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details