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Individual income tax return

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21 January 2019 Dear Experts,
Income Tax Return of Individual: Individual is doing small business at his own. He wanted to file income tax return at the end of the financial year. Can he show his personal assets (Car, Bike and Building) in the Balance sheet? (Including Business Asset such as furniture and machinery)?

21 January 2019 no, personal assets cannot become part of your balance sheet.



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