Please guide me how I can file Income Tax Return of a milk trader.He is purchasing milk from companies like amul and selling it to people and he is not maintaing any books of accounts.His monthly turnover is Rs.1 lakh.
Please guide me how I can file Income Tax Return of a milk trader.He is purchasing milk from companies like amul and selling it to people and he is not maintaing any books of accounts.His monthly turnover is Rs.1 lakh.
In which code should I file as it is exempt from Income Tax?
If the nature of income earned from this activity is of nature of COMMISSION on sale, then presumptive taxation under section 44AD cannot be opted for.
Naveen Fintech Pvt Ltd
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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