Small business under huf
This query is : Resolved
08 October 2017
Hi
I have a HUF with my wife and minor daughter. PAN is also there. We have started a small home based business of re-selling dry fruits. we purchase it in bulk and sell it in small packets.
how do i show the HUF income and maintain accounts, as the business is mainly in cash.
I have a HUF with my wife and minor daughter. PAN is also there. We have started a small home based business of re-selling dry fruits. we purchase it in bulk and sell it in small packets.
how do i show the HUF income and maintain accounts, as the business is mainly in cash.
08 October 2017
see if you can fit into section 44AD. If yes, no need to keep books of accounts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
