Will IT accept returns of proprietorship, when ...?
This query is : Resolved
07 July 2011
Will IT accept returns of proprietorship biz. when company is not registered nor has current account?
The company has cash collection only for which savings a/c of proprietor will suffice.
Proof of doing business will be Franchisee agreement, receipts, bills etc.
Please advise.
The company has cash collection only for which savings a/c of proprietor will suffice.
Proof of doing business will be Franchisee agreement, receipts, bills etc.
Please advise.
07 July 2011
IT accepts every income which yields tax to it.
Filing of return will result into tax receipt so IT will gratefully accept the return.
You have to carefully check for cash purchases >20000 and loan transactions if there be any.
Filing of return will result into tax receipt so IT will gratefully accept the return.
You have to carefully check for cash purchases >20000 and loan transactions if there be any.
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