Balance shhet and profit & loss account in itr-6
This query is : Resolved
CA. Tarun Jain
(Querist)
18 November 2013
Does a Company having rental income is required to fill in Balance Sheet and Profit & Loss Account in ITR-6 ??
CA PARAS BAFNA
(Expert)
18 November 2013
Yes. As the company is required to prepare and get audited the P&L A/c and Balance Sheet, it is better to fill up PART A-BS AND PART A-P&L.
.
.
Nikhil Kaushik
(Expert)
18 November 2013
yes it is necessary. However, whether such income will be taxed under income from house property or from business/profession shall depend on the facts of the case.
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