Income through labour charges

Dear friend

If a person getting income through labour job. and his Per annum income  Rs. 250000/-.

My question is he has to make P/L & Balance sheet and need to file ITR.

Please reply me on my above query. Urgently

 

Replies (4)

IF THE ASSESSEE IS HAVING INCOME ABOVE RS. 1.20 LACS, HE HAS TI MAINTAIN BOOKS OF ACCOUNTS. IN YOUR CASE, YOU WILL HAVE TO MAKE A PROFIT AND LOSS A/C AND BALANCE SHEET.


YOU WILL HABE TO FILE ITR - 4 IN THIS CASE.


REGARDS,

DEVENDRA

agree with DEVENDRA

Have to prepare P&L Statement and Balance Sheet and submit along with IT Return

 

Hope it helps

 

Thanks & Regards

hi friend

I have post more topic right now regarding tds pls help me on it in "income tax head"

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