Small business under huf
This query is : Resolved
08 October 2017
Hi
I have a HUF with my wife and minor daughter. PAN is also there. We have started a small home based business of re-selling dry fruits. we purchase it in bulk and sell it in small packets.
how do i show the HUF income and maintain accounts, as the business is mainly in cash.
I have a HUF with my wife and minor daughter. PAN is also there. We have started a small home based business of re-selling dry fruits. we purchase it in bulk and sell it in small packets.
how do i show the HUF income and maintain accounts, as the business is mainly in cash.
08 October 2017
see if you can fit into section 44AD. If yes, no need to keep books of accounts.
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