Sole proprietorship
This query is : Resolved
27 January 2015
I have a question regarding a sole proprietor. If an assessee has not maintained the books of accounts and he has assets valuing 10 to 12 lakhs & his Income is in Below Taxable Limit i.e Rs. 200000 , then should he file a NIL Return And if yes then In which ITR it has to be filled??
Please Revert back asap
Please Revert back asap
27 January 2015
nO need to file return since Income is below taxable limit .
Assets are not a basis to file ITR.
Assets are not a basis to file ITR.
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