18 June 2009
sir, i have a business for trading below for e.g 8 lakhs . my return of tax is rs.2200/-.e,g.
I have some knowledge of filing tax returns. Please tell me which form i filed for business below ten lackhs . auditor is compulsory. please give reply
compulsory filing of balance sheet, profit and loss account and memo of tax return, and tax challan
18 June 2009
Hi, File your income in ITR-4. No need to get your books of accounts audited as your turnover is below 40 lacs. There is no need to file balancesheet, profit & loss account and memo of tax,challan etc with the return of income. However you will have to mention all these data in the return form itself.
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