hello sir/mam
as per income tax laws after which amount of income crossed we have to file balance sheet and p&L is mandatory for professional ?
as a professional if my income is more than 2.5 lac but 10-20 thousand profit from STCG just tell me will I obligated to show balance sheet and P&L?
as a professional if my income is more than 2.5 lac but 10-20 thousand profit from STCG just tell me will I obligated to show balance sheet and P&L?
Not mandatory, if opted for sec. 44ADA for professional income.
CAclubindia
