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Restaurant income

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INCOME TAX PRACTITIONER
1329 Points Joined August 2012

DEAR ALL,

FOR HOTEL INCOME (SEMI URBAN AREA) WITHOUT BOOKS OF ACCOUNTS MAINTAINING FOR P & L ACCOUNT CAN WE PUT 8% NET INCOME ONLY?

 

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On 14 February 2018 at 12:26 Report
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Student - CA Final
285 Points Joined October 2015
For paying tax under presumptive basis maintenance of books of accounts and audit, both are necessary.
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On 14 February 2018 at 12:58
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INCOME TAX PRACTITIONER
1329 Points Joined August 2012
in itr form non maintaining of books case I.e. 1000000 gross sales 400000 exp
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On 14 February 2018 at 13:05
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INCOME TAX PRACTITIONER
1329 Points Joined August 2012
balance can we put it into net profit/income?
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On 14 February 2018 at 13:05
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Student - CA Final
285 Points Joined October 2015
I've just explained the provision. It don't know about ITR filing.
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On 14 February 2018 at 17:35

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