It filings for properiotorship

Sri Sai (Accounts ) (17 Points)

09 May 2018

Elible turnover to file ITR for Propertorship

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193931 Points)
Replied 09 May 2018

No restriction, only thing it should be legitimate.

Sri Sai (Accounts ) (17 Points)
Replied 09 May 2018

Dear Sir,

I'm TO is below 5,00,000 did i need to file or i can leave as it is.

Sri Sai (Accounts ) (17 Points)
Replied 09 May 2018

i've a small doubt ,

we are all working below 5 members, did we need to obatin shops & establishment lisence

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193931 Points)
Replied 09 May 2018

" I'm TO is below 5,00,000 did i need to file or i can leave as it is"

It is mandatory to file ITR if your gross total income from all the sources exceed BEL, i.e. 2.50 lakhs.

Otherwise also, for business loans etc. ITR filing (be GTI below BEL) is advantageous.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193931 Points)
Replied 09 May 2018

"We are all working below 5 members, did we need to obatin shops & establishment lisence"

Yes...... Even if you do not have any employee, but S&E license is mandatory to run any bussiness/Shop.

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