Welcome to Monday Corner, an initiative from Tax Publishers…
Monday Corner is specially designed to reward the intellectuals like you:
- We will send a Brainteaser on every Monday through email to your inbox and
- You need to send your answer in revert with reasoning by Wednesday at quiz.taxpub@gmail.com
The most suitable reply will be uploaded on our website (www.taxpublishers.in) in Monday Corner along with the photo/credentials of the winner of the week. If, per chance, winner happens to be more than one, the result will be drawn by lottery.
The winner would receive any one of the following books as free gift...
Quiz for the week (28 Oct 2024) :
Ramesh Lal engaged in trade of Garments has turnover of Rs. 2.85 crores for the FY 2024-25. He did 100% of sale through online only. His purchases however, were in local market (shandy) which consisted of Rs.30 lakhs. Out of the said purchases, payment through online banking was Rs.22 lakhs. He has incurred other cash expenses during the year aggregating to Rs. 28 lakhs. His income as per books of account was Rs.18 lakhs. Suggest whether he can file his ITR through Tax Return Preparer (TRP).
Kindly mail your answers on or before 4th November, 2024.