A shopkeeper having a grocery shop.His annual turnover is 20 lacs.
He wants to file a income Tax return.
Which ITR to be file & which net profit ratio showed
File ITR 4 with minimum 8% profit margin for cash sales/turnover.
Rajkumar Gutti (477 Points)
29 November 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 29 November 2022
File ITR 4 with minimum 8% profit margin for cash sales/turnover.
sabyasachi mukherjee
(26057 Points)
Replied 30 November 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 30 November 2022
Varun Malhotra
(social)
(342 Points)
Replied 30 November 2022
File ITR 4, no need of books of accounts. Maintain turnover records.
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 01 December 2022
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
