Sec.44ad
This query is : Resolved
25 August 2017
Dear sir
If an individual engage in coca cola distribution business and his turnover less then one crore but his total income less then exemption limit (200000)
But income 1.0%-1.5% only
Now question that person liable to audited accounts or file returns compulsory
Otherwise not require return & not maintains accounts
If an individual engage in coca cola distribution business and his turnover less then one crore but his total income less then exemption limit (200000)
But income 1.0%-1.5% only
Now question that person liable to audited accounts or file returns compulsory
Otherwise not require return & not maintains accounts
25 August 2017
His turnover is only commission received. No need of audit or file return.
25 August 2017
Turnover not only commission , invoice issue assee name and buy & sell relation
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