Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161303 Points)
Replied 13 August 2018
Depends upon his/her aggregate income from all the heads.
Better to file ITR (may be ITR3); audit will not be applicable if total income below BEL.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161303 Points)
Replied 13 August 2018
Below Exemption Limit........ BEL (Rs. 2.50L for < 60 yrs. age)
If you do not wish to carry forward losses ..........
File ITR4 and declare 6% profit over total transactions....... No tax liability...... & no tax audit liability.......
Aashish Sachdeva
(839 Points)
Replied 13 August 2018
CAclubindia
