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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2017 a person show his income Rs. 350000 under PGBP but not disclosed P&L nd BS. IT Dept. Issue notice 143(1) nd u/s 139(9) required to submit P&L nd BS. is it required to submit P&L nd BS.

02 March 2017 Yes it is required to show balance sheet and profit and loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2017 if assessee show his income u/s 44 AD than not mandatory P&L nd BS.

02 March 2017 If shown under no books case then not mandatory but in ITR 4 you have to show gross receipts, expenses and net profit in sch P&L and cash, debtors, creditors and stock in Sch BS.


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