No Books of Account is maintained by the Pandit. And his total cash or bank balance is around ₹ 170000. He wants a loan of 5lakh . What income should i show in Gross receipts?
And
Can we show his income in PGBP Column - ' Books of Account not
maintained 'simply showing Gross Receipts ? Or we have to fill entire P&L account and Balance Sheet given under ' Books of Account maintained' ?
Menu
Return of Pandit
Replies (1)
simply show the income in preasumptive tax scheme...and file the return
Recent Threads
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
Related Threads
CAclubindia
