05 August 2013
IF AN INDIVIDUAL HAVING TOTAL TURNOVER OF RS. 36 LAKH AND NET PROFIT HAVING RS. 51000 THEN..... IF DEALER IS TRADING IN ALLUMINIUM SCRAPS.. AND ASSESSEE HAS STARTED HIS BUSINESS FROM CURRENT YEAR..
08 August 2013
1. The individual is carrying on business. 2. The turnover is less than Rs. 1 crore. 3. He has to show a minimum income equal to 8% of the turnover which comes to Rs. 2,88,000. 4. If he wants to show profit of Rs. 51,000 then he is required to get his accounts audited. 5. In that case the due date of filing the return will be 30th September
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