15 February 2016
My wife is doing miscellaneous work related to embroidery at home. She is not maintaining books of accounts.However we are planning to start filing ITR from now onwards. What should be done in the case? I can prepare Balance sheet and Income statement. Can I have soft copy for that?
15 February 2016
YOU CAN FILE ITR-4S UNDER SEC 44AD DECLARE MINIMUM 8% OF GROSS RECEIPTSIF YOUR GROSS RECEIPTS IS LESS THAN 1 CRORE. NO NEED TO FILE PROFIT AND LOSS A/C AND BALANCE SHEET
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