DEAR ALL,
FOR HOTEL INCOME (SEMI URBAN AREA) WITHOUT BOOKS OF ACCOUNTS MAINTAINING FOR P & L ACCOUNT CAN WE PUT 8% NET INCOME ONLY?
Menu
Restaurant income
Replies (4)
For paying tax under presumptive basis maintenance of books of accounts and audit, both are necessary.
in itr form non maintaining of books case I.e. 1000000 gross sales 400000 exp
balance can we put it into net profit/income?
I've just explained the provision. It don't know about ITR filing.
Recent Topic
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
Related Topics
CAclubindia
