I am opting for 44AD under income tax and for Gst i am registered under normal scheme. As per normal scheme I have to maintain books and records (which I am maintaining)
but in income tax I had shown not maintaining books as i opted for 44AD so will it create any problem?
5 Replies
Divakar
(Student CA Final )
(11857 Points)
Replied 31 March 2018
No problem arises.... Both are different act... So don't worry... Gst is just for GST collection.. So u hv to maintain ur sales and purchase register
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 31 March 2018
No more problems under IT act...
You can opt Presumptive Taxation Scheme...
You can opt Presumptive Taxation Scheme...
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 31 March 2018
| Originally posted by : Palak Rawal | ||
 |
thank you so much |  |
YOU ARE WELCOME
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 31 March 2018
Dear Sir / Madam.,
A Assessee is have income from Partnership and Proprietoship....
In Partnership Remu : 268950
In Prop : Total Receipt Rs. 143560... Profit Rs. 83560
Now he is going to file ITR 3 in AY 2017-18...
Can he file without books of accounts...?
Is Books of accounts maintain mandatory in this case or not?
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