Filing of balance sheet and profit and loss
This query is : Resolved
27 March 2014
My question is who all are liable to submit balance sheet and profit and loss account while filing the Income Tax returns ?
Is it Assessee based ( Individual,HUF, Company etc) or Return form based ( ITR 1,2,3,4,5 etc ).Thanks in Advance
Is it Assessee based ( Individual,HUF, Company etc) or Return form based ( ITR 1,2,3,4,5 etc ).Thanks in Advance
27 March 2014
ITR1/ITR4s/ITR2 no requirement for balancesheet & p&l
same applies to ITR3. ITR4/ITR5 requires balancesheet/P&l depending on turnover (refer 44AA)
ITR4S no need for for balancesheet, P&L etc
same applies to ITR3. ITR4/ITR5 requires balancesheet/P&l depending on turnover (refer 44AA)
ITR4S no need for for balancesheet, P&L etc
27 March 2014
ITR 1,2,3,4S - Not required
ITR 4,5,6,7 - Required
Is this right ?
ITR 4,5,6,7 - Required
Is this right ?
27 March 2014
not required in 7...six yes it is required...4/5 depends on turnover..
01 April 2014
Can you elaborate on the turnover limits and also quote relevant sections if any.
01 April 2014
Read section 44aa 44ab. Also section 11/12. For forms refer rule 12
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