Itr form for medical store income

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Accountant
173 Points Posted on 19 July 2021

what is the itr form fit for medical pharmaceuticals store business running by proprietor

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On 19 July 2021 at 13:56 Report
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This discussion clarifies which Income Tax Return (ITR) form is suitable for a proprietor running a medical or pharmaceutical store. Generally, ITR 3 is the recommended form. However, if your total turnover is under £1 crore and an audit isn't required, you may be able to file using ITR 4 under presumptive taxation to save time and potentially tax.

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3924 Points Posted on 19 July 2021
ITR 3.....................
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On 19 July 2021 at 14:15
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Chartered Accountant
24588 Points Posted on 19 July 2021
ITR 3 should be filed
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On 19 July 2021 at 14:17
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Job
167 Points Posted on 19 July 2021

ITR 3.................

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On 19 July 2021 at 14:56
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student
76 Points Posted on 19 July 2021
If you have only medical store income & total turnover during last financial year is below 1 crore then can file ITR in ITR 4 presumptive taxation to save tax and time.
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On 19 July 2021 at 16:39
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Chartered Accountant
86505 Points Posted on 20 July 2021
ITR-4 is required if you are not required to get your books of accounts audited.
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On 20 July 2021 at 06:31
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Chartered Accountant
24588 Points Posted on 20 July 2021
For non audit then ITR 4 otherwise ITR 3
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On 20 July 2021 at 09:15
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Accountant
173 Points Posted on 22 July 2021

Very very thanks to you all

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On 22 July 2021 at 10:55
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Chartered Accountant
86505 Points Posted on 23 July 2021
Welcome.......
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On 23 July 2021 at 05:50
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Chartered Accountant
24588 Points Posted on 23 July 2021
Your welcome
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On 23 July 2021 at 11:42

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