44AD and ITR4
This query is : Resolved
G K Agrawal
(Querist)
10 June 2011
The form ITR4 requires you to give debtors,creditors,stock and cash in the above case. The figures of cash should be only for business excluding cash received from house rent, salary etc or a total of all type of receipts. Similarly the figures of other 3 items.
G.K.Agrawal
G.K.Agrawal
CA Suresh Jain
(Expert)
10 June 2011
the proprietorship business is distinct from its owner i.e. the proprietor.
The ITR4 requires the figures of balance sheet and profit and loss account for the busiess or businesses. and therrefore, any cash etc is held by the proprietor other than his business or businesses the same in Part A and Part B. Regards-CA Suresh Jain, sureshjain.nj@gmail.com
The ITR4 requires the figures of balance sheet and profit and loss account for the busiess or businesses. and therrefore, any cash etc is held by the proprietor other than his business or businesses the same in Part A and Part B. Regards-CA Suresh Jain, sureshjain.nj@gmail.com
G K Agrawal
(Querist)
10 June 2011
Dear Suresh Ji
The contents of 4th line of your answer is not clear. Do you mean that cash etc held otherwise than the cash of business is not to be shown in Balance Sheet or PL etc or BP.
G K Agrawal
The contents of 4th line of your answer is not clear. Do you mean that cash etc held otherwise than the cash of business is not to be shown in Balance Sheet or PL etc or BP.
G K Agrawal
11 June 2011
Yes only cash balance relating to proprietorship business has to be mentioned.
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