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Guest
Guest
(Querist)
03 May 2012
gud evening to all experts
only tell me that supoose a men have a Shop of car service .and gross turn over approx 6 lakh.than how he will fill their retuen my means is that with slab rate or other plz
only tell me that supoose a men have a Shop of car service .and gross turn over approx 6 lakh.than how he will fill their retuen my means is that with slab rate or other plz
03 May 2012
Its a proprietorship business. Income will be taxable @ Slab Rate for Individuals. ITR4 needs to be filed.
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Guest
Guest
(Querist)
03 May 2012
i will show profit @ 8% and fill return under sec 44ad
03 May 2012
Turnover 6 lakhs *8%= 48000. If he does't have any other income,No need to file return since his total income is less than basic exemption limit. In case of presumptive taxation you need to file ITR-4S(Sugum).
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