28 March 2009
Dear Expert, My brother is doing business.(DSA for Barclays Bank and ICICI Bank). His comission income is Rs.181230/- after deducting all expenditure. He is maintaing bills for income and expenditure. Last year he has filed only PROFIT AND LOSS ACCOUNT. My question is whether BALANCE SHEET is required to be filed or PROFIT AND LOSS ACCOUNT IS ALONE WILL DO. PLS REPLY ME
CAclubindia
