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BALANCE SHEET REGARDING

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(Querist)
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
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Laxmi Narayana Sahu

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Laxmi Narayana Sahu (Expert)
28 March 2009 Balance Sheet & Profit & Loss Account both are required to be prepared & filed.
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CA Sanjeev Kr Jain

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CA Sanjeev Kr Jain (Expert)
29 March 2009 yes
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sathyam

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sathyam (Querist)
30 March 2009 Thank u for ur reply
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Sanjay Soni

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Sanjay Soni (Expert)
31 March 2009 Books of accounts as per Income Tax Act to be maintained as per section 44AA

abd both PL & BS in Form 4 is to be filed
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