Tax Return Filling
This query is : Resolved
18 March 2011
one my client is doing Small Properity(Individual) concern businees from 3 year and accordinglly filling his Income Tax Return with balance sheet and Profit & Loss Statment, but now he want to close this business due to not get profit.
he is not under any tax like VAT, CST or Service tax, ect.
what is processer to closed his business ? any letter has to file in IT Department or direct stop to filling his income Tax Return. or is there any other Processer
Please help on this it's very urgent
he is not under any tax like VAT, CST or Service tax, ect.
what is processer to closed his business ? any letter has to file in IT Department or direct stop to filling his income Tax Return. or is there any other Processer
Please help on this it's very urgent
18 March 2011
It is advisable to intimate the department about closure of business to avoid unnecessary consequences.
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
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
