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Matter of professional return

580 views 3 replies

Guest

good morning to all great experts,

i have a query regarding professional income tax return. my freind who have a coaching centre.he want to fill their income tax return. but sir problemm is that he have no billing detail ( billing detail means he have no total value of fees which he received from their student.) and sir no salary detail which he give to his hired teacher.sir my qyery is started given below,

1-sir can he file their return in itr 4 by given approx value of their turnover.while he have no detail.

sir please help me inthis regards.

Replies (3)

deepali agarwal

Company Secretary

1289 Points Joined September 2010

Though it is a risk but i think there is no option except this that u can make a rough detail of the students studying there and fee structure and file ITR-4

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

under rule 44AA books of accounts are mandatory, as it would be required for not only incometax, but profession tax, service tax, so make rough books of accounts atleast before filing any return.

get help with fees book system and banking accounts, payroll etc.