Heard that if one's profit is less than 8% of turnover, deadline for filing ITR is September. Is it?
1) http:// zerodha . com /z-connect/ traders-zone/taxation-for-traders/notice-under-section-139-9-possible-reason
2) http://www.traderji.com/taxation-ma...-tax-related-quieries-i-would-get-solved.html
3) http://www.traderji.com/taxation-matters/16885-tax-audit-share-trading.html
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Is this alright to give our personal details like PAN, name, mobile, address and all to the one who will maintain books for us? Coz these details are present in contract note. And they wanna verify things online, so asked for DOB too... That's pretty much everything, right?
Why donot u simply show your profit @ 8% of turnover and pay tax accordingly , by which u can avoid Audit, books of accounts maintenance etc .First clear the concept of Turnover and consult a CA of you locality , read yourself the provision of sec 44AD of income tax act, search web site --caclubindia . com (remove gaps) , u will get your answer.
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