Nostradamus !! (154 Points)
13 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177961 Points)
Replied 13 July 2018
Schedule CG........ Sr. no. B7 'From sale of assets where B1 to B6 above are not applicable'
Sub sec. (ii) ... 'Full value of consideration in respect of assets other than unquoted shares' ...
Nostradamus !!
(154 Points)
Replied 25 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177961 Points)
Replied 25 July 2018
Its business income and hence reflect in 'P&L acc.' and 'BP' sheets..
In case profits declared are more than 8% of turnover (be below 2cr).. the same may be declared under 'No accounts maintained option'
Nostradamus !!
(154 Points)
Replied 25 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177961 Points)
Replied 25 July 2018
| BP | Schedule BP | Computation of income from business or profession |
What is the turnover for both intraday & F&O?
Nostradamus !!
(154 Points)
Replied 27 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177961 Points)
Replied 27 July 2018
Yes, ITR should be filed for the AY 2018-19, with the accounts as of closing date, (may be nil turnover & zero profit)....
CAclubindia
