Menu
44ad
please experts advice me.
whether party can file itr 4S for provision store income if licensce is already cancelled before 2 years.
Replies (6)
Did he continue business? Any sales / purchase bills? or just wants to declare cash?
No sir it is not for the purpose to declare the cash problem is not that but during the year he continued business to sold balance stock.
No sir it is not for the purpose to declare the cash, problem is not that, but during the year he continued business to sold balance stock.
OK, but was closing stock declared in last ITR filled? (ITR 4 or 4S)
Sir, client has not filed return for f.y. 2014-15 and now wants to file return for f.y. 2015-16.
So whether he can..?
If you can justify the opening stock as on 1st April 2015, by whatever means; (if at all any query raised); go ahead.
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
