Is he liable to get his books signed by a ca

I have a friend who runs a footwear showroom by taking a agency with bata & receives commission as income from them. INcome approx 8L

 

is he liable to get his accounts audited & maintain books and get signed from a CA or

can he file returns like a normal salary case without taking the help of  CA 

Replies (2)

IF HIS TURNOVER EXCEEDS 1 CRORE RUPEES HE NEEDS TO AUDIT HIS BOOKS OF ACCOUNTS WITH A CHARTERED ACCOUNTANT

 

OTHER WISE HE CAN FILE HIS RETURN OF INCOME HIM SELF BY FILING ITR4,

Turnover more then 1 crore ...or he has to claim net profit less then 8% of turnover

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register