Turnover
This query is : Resolved
11 June 2013
IF TURNOVER OF A SOLE PROPREITOR INCREASES FROM 9 LAKHS TO 48 LAKHS WILL IT ATTRACT INCOME TAX SCRUTINY
11 June 2013
Generally, it does not attract scrutiny in such cases.
.
However, in such circumstances assessee must follow the measures prescribed U/s 44AD.
.
.
However, in such circumstances assessee must follow the measures prescribed U/s 44AD.
.
11 June 2013
what is to be done in case of scrutiny if bills for purchase available ?
11 June 2013
sole proprietor is filing return under presumptive taxation
11 June 2013
The Increase in Turnover cannot be a criteria for Scrutiny. Though the Sole propritor is filing return on Presumptive Basis of Taxation still this cannot be a criteria for Scrutiny.
But it is suggestible to Maintain Proper books of accounts in future
But it is suggestible to Maintain Proper books of accounts in future
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