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Turnover

This query is : Resolved 

11 June 2013 IF TURNOVER OF A SOLE PROPREITOR INCREASES FROM 9 LAKHS TO 48 LAKHS WILL IT ATTRACT INCOME TAX SCRUTINY

11 June 2013 Generally, it does not attract scrutiny in such cases.
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However, in such circumstances assessee must follow the measures prescribed U/s 44AD.
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11 June 2013 what is to be done in case of scrutiny if bills for purchase available ?


11 June 2013 sole proprietor is filing return under presumptive taxation

11 June 2013 The Increase in Turnover cannot be a criteria for Scrutiny. Though the Sole propritor is filing return on Presumptive Basis of Taxation still this cannot be a criteria for Scrutiny.

But it is suggestible to Maintain Proper books of accounts in future



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