Sourav Roy
20 March 2014 at 18:00
My mother want to submit ITR4 for 2013-14 as a professional trader.So I want to know is audit is mandatory for my mother just because she not able to earn more than 8% of her total turnover(Say turnover 6 lac)even though she is not required under sec 44A.Kindly suggest
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Amount taxable or not
My father recently retired from his service.He got some fund in the form of retirement settlement.Now my father want to transfer some money to my mother account for example say Rs.4 to 5 lac.Now is this amount taxable in behalf of my mother whether my mother has to give tax for that.Kindly help on the matter.