Income Tax

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ranjit (Querist)
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25 July 2008 Sir,i have a query regarding one of our client.One of our client is having a proprietorship business,he is also a partner in 3,4 other firms,so please tell me while filling his ITR-4,what should i enter in the part A-BS& Part A-P&L .
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ranjit
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CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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26 July 2008 you will compute the total income of that assessee & make a capital a/c total credit balance in each firm that amount will show in the balance sheet

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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26 July 2008 The assessee has to furnish the particulars of the personal balance sheet which will include the figures relating to the proprietory business and the investment in the capital with the said firms. Complete details of the firms are not to be filled.

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