NEERAJ (Accountant ) (65 Points)
16 March 2018Dear Sir
i have a Running Business in the Name of Neeraj Ent. and i want to file my income tax return in 44AD.
i have a current account in the Name of My Prop. Firm
So My Question is this that while Calcutaing my Gross Receipts can i mention my saving bank account Receipts in Gross receipts with Current account Receipts
or i file Only with Calculating my Total Turnover in My Prop. Firm
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 16 March 2018
" So My Question is this that while Calcutaing my Gross Receipts can i mention my saving bank account Receipts in Gross receipts with Current account Receipts?"
Yes, for any business related receipts in savings account.....
NEERAJ
(Accountant )
(65 Points)
Replied 17 March 2018
Dear Sir
If receipts in my saving account not related to my business so there is no need to calculate these transaction in my gross receipts???
And my second Question is this that if if my gross receipts in my Prop. firm current a/c is 80 lac but my total turnover is 85 lac which amount should i mention gross turnover or gross receipts
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 17 March 2018
1. Correct.
2. Gross turnover..... (85L)
NEERAJ
(Accountant )
(65 Points)
Replied 17 March 2018
thanku sir
so it is necesarray to file Debtor/Creditor/Cash in hand Details as on 31 march while filling itr .
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 17 March 2018
Correct.
Good Luck......
CAclubindia
