is engaged in business. His net income for 2018 is 250,000. Thus, a. No need to file ITR because his net income do not exceed 250,000 b. Required to file Annual ITR on May 15, 2018 c. Required to file Annual ITR on May 15, 2019 d. Required to file Annual ITR on April 15, 2019 e. None of the above
is engaged in business. His net income for 2018 is 250,000. Thus, a. No need to file ITR because his net income do not exceed 250,000 b. Required to file Annual ITR on May 15, 2018 c. Required to file Annual ITR on May 15, 2019 d. Required to file Annual ITR on April 15, 2019 e. None of the above
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 22CE
Related questions
Question
X is engaged in business. His net income for 2018 is 250,000. Thus,
a. No need to file ITR because his net income do not exceed 250,000
b. Required to file Annual ITR on May 15, 2018
c. Required to file Annual ITR on May 15, 2019
d. Required to file Annual ITR on April 15, 2019
e. None of the above
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT