Elible turnover to file ITR for Propertorship
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167320 Points)
Replied 09 May 2018
No restriction, only thing it should be legitimate.
Sri Sai
(Accounts )
(17 Points)
Replied 09 May 2018
Dear Sir,
I'm TO is below 5,00,000 did i need to file or i can leave as it is.
Sri Sai
(Accounts )
(17 Points)
Replied 09 May 2018
i've a small doubt ,
we are all working below 5 members, did we need to obatin shops & establishment lisence
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167320 Points)
Replied 09 May 2018
" I'm TO is below 5,00,000 did i need to file or i can leave as it is"
It is mandatory to file ITR if your gross total income from all the sources exceed BEL, i.e. 2.50 lakhs.
Otherwise also, for business loans etc. ITR filing (be GTI below BEL) is advantageous.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167320 Points)
Replied 09 May 2018
"We are all working below 5 members, did we need to obatin shops & establishment lisence"
Yes...... Even if you do not have any employee, but S&E license is mandatory to run any bussiness/Shop.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
