hi members
I have started my mutual fund distribution business and I want to know The taxation procedure of my business . I have incorporated proprietor ship firm.
As per my business, we are not covering in any presumptive basis section 44Ad/44ADA of income tax act and now we are in initially phase can we loss in return without auditing the accounts by CA.
and give me also Suggestions related to GST implication.
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taxation query
Replies (2)
" As per my business, we are not covering in any presumptive basis section 44Ad/44ADA of income tax act and now we are in initially phase can we loss in return without auditing the accounts by CA.?"
Yes.......... for both........
and what about books of account requirements u/s 44AA
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