personal income tax filling?

This query is : Resolved 

28 March 2008 For e.g. i want to file personal income return for individual. i will be able to or qualifi to file the return? in which limit?the a/c is audited or not?

28 March 2008 if the individual is not having any business, then account need not be audited.
Further, if he is carrying on business and not covered by section 44AB, no audit is required.

28 March 2008 if the individual is not having any business, then account need not be audited.
Further, if he is carrying on business and not covered by section 44AB, no audit is required.


28 March 2008 if the individual is not having any business, then account need not be audited.
Further, if he is carrying on business and not covered by section 44AB, no audit is required.

28 March 2008 FOR ANY BUSINESS WITH GROSS SALES OF RS. 40 LAKHS P.A,OR PROFESSIONLA WITH GROSS RECEIPTS OF RS. TEN LAKHS P.A ,THE NEED FOR TAX AUDIT ARISES . OTHERWISE NO.
IF THE ABOVE TWO CASES ARE NOT COVERED BY YOU , THEN YOU HAVE TO FILE IT RETURN ON OR BEFORE JULY .
IF NO REFUND OR REVISED RETURN IS INVOLVED ,THEN YOU MAY FILE IT REURN BEFORE 31 ST MARCH .OTHERWISE A PENALTY OF RS. 5000 IS LEVIABLE FOR NONFILING OF IT RETURN WHERE IT IS LIABLE TO BE FILED.
R.V.RAO

28 March 2008 YOU CAN FILE THE INDIVIDUAL RETURN



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries