Income tax return
This query is : Resolved
01 April 2020
Hello there. I'd like to know which return to be filed in case my client is a wholesaler with a profit margin of 2% without books of accounts.
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02 April 2020
In case of no books, ITR 4 will be filed U/s 44AD, but since profit is less than 8%, audit would be compulsory.
02 April 2020
I will agree with Swasti, either maintain books of accounts or show profit more than 8% under section 44AD. If not then tax audit will be compulsory.
02 April 2020
is there 6% can be availed if amount received in other then by cash. ie in electronic form
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