What is the due date in case of filing the return for the A.Y.2014-15 for the Proprietor?. What if it has a Business Income. Pls. reply
SURESHAN K
(Auditor)
(189 Points)
Replied 13 April 2014
Audited Case due date is 30/09/2014
Non-audit case 31/07/2014
You have to see whether the turnover (sales) of your business have reached Rs 1 crore (business) or Rs 25 L (profession). In that case your a/cs will have to be audited by a CA and the due date will be 30/09/14. Otherwise the due date will be 31/07/2014.
You also need to Audit the a/cs if your profit is less that 8% of your turnover.