WHICH ITR APPLICABLE ?

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Accountant
131 Points Posted on 19 December 2020
Proprietorship

Turnover 850000
Commission Income 300000

Audit required ?
which itr applicable ?
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On 19 December 2020 at 22:58 Report
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Quick Summary
This discussion addresses the correct Income Tax Return (ITR) form for a proprietorship with a turnover of £850,000 and commission income of £300,000. It clarifies that an audit is not required and ITR 3 is the applicable form. The query also seeks clarification on whether net profit or gross profit should be 8%.

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Accountant
3662 Points Posted on 19 December 2020
Audit not required

ITR 3
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On 19 December 2020 at 23:38
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Accountant
131 Points Posted on 20 December 2020
Net profit 8% hona chahiye k gross profit ?
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On 20 December 2020 at 13:28

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