itr 4
This query is : Resolved
27 August 2009
how to file itr 4 for a person having two business & to whom tax audit is applicable.
whose balance sheet is to be entered and whose tax audit is to be submitted.
whose balance sheet is to be entered and whose tax audit is to be submitted.
27 August 2009
For a proprietor there would be one balance sheet as whole incorporating all his assets and liabilities used for both the businesses. Also you can prepare a combines profit & loss account
27 August 2009
But while filing the itr 4 for the person if i would file the consolidated balance sheet of both his firm, how would i file the detail of tax audit of both the firms, quantitative details and others.
28 August 2009
He is having both options. (1) To consolidate both business P & l and B/s and get audited the books (2) To get audited the separate books. But with return attach both tax audit.
However for applicability of sec 44AB, both business turnover would have to be clubbed. You just cant avoid Tax audit by opening two properitership firm
However for applicability of sec 44AB, both business turnover would have to be clubbed. You just cant avoid Tax audit by opening two properitership firm
28 August 2009
i want to ask while e-filing itr 4 how would i submit quantitative details of both the firm in just a sigle form.
29 August 2009
Prepare an Consolidated Financial Statement and input the same.
It is normally prepared, please check the process done in the previous year also.
It is normally prepared, please check the process done in the previous year also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
