I am a salaried person and i also have a shop (General store) from last 1 year now i want to show my business income in ITR so please guide me for maintenance of books of A/C. My annual turnover around Rs.18-20 lakh should i need to maintenance of books of account. And how i start all procedure for making P&L a/c and B/S because its a already running business
07 March 2013
First of all Congratulations for the venture. You must show your Business Income. As far as it is related to Accounting, if you are aware of Accounting you can start it using Tally, Busy etc accounting software or you can hire Accountant or outsource such work to any CA, who are providing outsourcing services.
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