Queries relating to income tax
This query is : Resolved
VINAY SACHDEVA
(Querist)
09 August 2014
1. How much Net Pofit is required for a
General Insurance Agent in case of non
Books of Accounts.
2. Can a Taxpayer is Fill Profit & Loss and
Balance sheet as well as non Books of
Accounts income when he filling his ITR
4 while he has income from 2 Business
as General Insurance Agent as as a
Retail Shopkeeper.
Sir, Plz. solve my Queries as early as possible.
Vinay Sachdeva
Saharanpur (U.P.)
General Insurance Agent in case of non
Books of Accounts.
2. Can a Taxpayer is Fill Profit & Loss and
Balance sheet as well as non Books of
Accounts income when he filling his ITR
4 while he has income from 2 Business
as General Insurance Agent as as a
Retail Shopkeeper.
Sir, Plz. solve my Queries as early as possible.
Vinay Sachdeva
Saharanpur (U.P.)
Nikhil Kaushik
(Expert)
09 August 2014
1. There is no fixed ratio. Just offer your actual profit;
2. no. if you are covered under books case, then you need to file profit p&l and balancesheet. You cannot fill both the options.
2. no. if you are covered under books case, then you need to file profit p&l and balancesheet. You cannot fill both the options.
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