HELLO FRIENDS, I HAVE TO FILE THE RETURN OF BOUTIQUE BUSINESS BUT THEY HAVE NOT MAINTAIN ANY BOOKS OF ACCOUNTS
NOW PLS. SUGGEST ME WHAT CAN I DO
THEY DO NOT WANT TO MAKE BALANCE SHEET
NOW WHAT CAN I DO
CAN I FILE THE RETURN IN NO ACCOUNT CASE AND SHOWS INCOME LESS THAN RS.1,20.000 AND SHOWS RS 35000 OTHER INCOME TO MAKE THE RETURN MORE THAN 150000.
IS IT OK.
PLS. REPLY EARLY.
I AM IN GREAT NEED.
YES FINE BUT MAKE SURE THAT THE ESTIMATES ARE CLOSE TO IT'S REAL SITUATION ( ie % MARGIN ON SELL ETC ).
ON THE OTHER HAND YOU CAN FILE THE SAME U/S 44AF IF THE ASSESSEE IS RETAILER
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