Sole proprietor
This query is : Resolved
08 April 2012
Hi I am Sole Proprietor. My Annual Income is 150000/- Pls. tell me which itr form fill me and my Balance Sheet be made
08 April 2012
You should use ITR 4.
09 April 2012
You need not prepare your balance sheet if you are not maintaining regular books of account.
.
Better file your return u/s 44AD i.e. presumptive taxation by showing 8% as net profit if your turnover is less than Rs.60 lacs.
.
If this is applicable to you; you can file your return 4S.
.
In this return you have to show your total of sundry debtors, creditors, stock and cash.
.
Better file your return u/s 44AD i.e. presumptive taxation by showing 8% as net profit if your turnover is less than Rs.60 lacs.
.
If this is applicable to you; you can file your return 4S.
.
In this return you have to show your total of sundry debtors, creditors, stock and cash.
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