dear colleagues
gud mrng
ek properitory gst registerd (Composition firm hai)...
jiske Proprietor ki death April 21 me ho gyi hai
March 21 me closing stock uss firm ka approx 40 lac hai books me
Jo uski daughter or wife ne financial needs ke reason se 20 lac me sold kr diya hai
ab Fy 21-22 ka jo 1st qtr (april-june) hai usme 20 lac sales show krke 1% tax pay kr skte hai kya???
or income tax k purpose se jo Inka return file hoga AY 22-23 Ka usme 8% deemed profit declare kr skte hai kya
jisse audit ka kaa issue nhi rhe???
regrads
CAclubindia
