How to prepare balance sheet covered u/s 44ab in itr - 4
This query is : Resolved
08 August 2016
Hai
Individual having Business income, earlier years he has not covered under tax audit U/s 44AB so no balance sheet are prepared.
For the FY 2015-16 he falls under tax audit, now he required to give details regarding assets and liabilities to auditor for preparation of balance sheet and profit and loss account.
What information required to submit to auditor for valuation of Fixed Assets etc...
Give me any reference for preparation of information by the asseessee. He running business of consultancy to a construction company & he receives commission on that service.
Individual having Business income, earlier years he has not covered under tax audit U/s 44AB so no balance sheet are prepared.
For the FY 2015-16 he falls under tax audit, now he required to give details regarding assets and liabilities to auditor for preparation of balance sheet and profit and loss account.
What information required to submit to auditor for valuation of Fixed Assets etc...
Give me any reference for preparation of information by the asseessee. He running business of consultancy to a construction company & he receives commission on that service.
08 August 2016
For preparing balance sheet give the following details.
1 Value of investment in Office building, if owned.
2 Value of vehicles(car).
3 Bank balance and investments.
1 Value of investment in Office building, if owned.
2 Value of vehicles(car).
3 Bank balance and investments.
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