I run my Dental Clinik.
I wanna to file ITR-4
But i dont carry any books & document.
I dont wana to pay Income Tax.
Should I have to maintain any books & docoment for My Profession.
How should I show my income for PY 10-11 n 11-12
1 Replies
Tharani Shankar
(Public Relations Director )
(51 Points)
Replied 11 June 2012
If you are Carrying on any Medical Profession, you have to maintain the following books:
-
Cash Book,
-
Journal (Mercantile system),
-
Ledger,
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Carbon copies of bills/receipts issued for amount exceeding Rs.25,
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Original bills/receipts from others for payments,
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Daily cash register in Form 3C,
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Inventory of drugs, medicines and other consumables on the First and last day of the previous year.
For more details refer https://www.accounting-n-taxation.com/Business-Tax-Accounting.html#Medical
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