Return filing of salary and business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2013
Dear Sir,
My Clints is a Ast. prof. of medical college and doing business as well. His business income are Rs.34,50,199/- and salary income are Rs.14,51,400/-. Are his income requiere audit or not?
My Clints is a Ast. prof. of medical college and doing business as well. His business income are Rs.34,50,199/- and salary income are Rs.14,51,400/-. Are his income requiere audit or not?
27 October 2013
Audit not required. But he is required to maintain books of accounts. Return to be filed in ITR4. However, if the business is eligible for 44AD, then he can offer income at 8% and books won't be required.
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