Comment on Taxation Simplified

Nithin Kamath commented on 13 Apr 2014, 11:11 PM

1. Yes you will need the returns to be audited by a CA
2. Yes ITR4
3. Yes
4. Don’t really have a sample ITR4, but best to go meet a CA for this.
5. Yes
6. There is no other simple method, but it is best to do this properly so that you can carry forward 21.4 lks, so anytime in the future you make any business profits, you can net off this loss, that way atleast you can get benefit of upto 30% of your losses.

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