Dear Sir / Madam,
What is the last date of ITR filing of Proprietorship and which form is applicable for proprietorship in ITR filling...
Turnover will be below 40 lakhs ..
Business have a loss ( Starts from 1st July 2016 )
Please help me..
ITR 3 ............... or if assessed under presumptive case...... ITR 4
But.....If you wish to carry forward losses, tax audit would be required if total income exceeds basic taxable income of 2.50 lakhs. In this case last date of filling return would be 30th sept,2017.
Otherwise......... 31st July, 2017.
CAclubindia
