Dear friend
If a person getting income through labour job. and his Per annum income Rs. 250000/-.
My question is he has to make P/L & Balance sheet and need to file ITR.
Please reply me on my above query. Urgently
4 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 26 April 2011
IF THE ASSESSEE IS HAVING INCOME ABOVE RS. 1.20 LACS, HE HAS TI MAINTAIN BOOKS OF ACCOUNTS. IN YOUR CASE, YOU WILL HAVE TO MAKE A PROFIT AND LOSS A/C AND BALANCE SHEET.
YOU WILL HABE TO FILE ITR - 4 IN THIS CASE.
REGARDS,
DEVENDRA
Arun A P
(Learning thro experience)
(64 Points)
Replied 28 April 2011
Have to prepare P&L Statement and Balance Sheet and submit along with IT Return
Hope it helps
Thanks & Regards
chetan
(accountant)
(321 Points)
Replied 28 April 2011
hi friend
I have post more topic right now regarding tds pls help me on it in "income tax head"
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