Itr is mandatory this case...?

This query is : Resolved

RAJA P M (Querist)
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12 December 2016 Dear Experts.,

All of you Good Evening and Thanks in Advance,

{ I have received a Accounts. He is doing Trading & Labour Contract works...
His total income Rs. 6,13,650
Expenses are (-) Rs. 3,37,250
His Net Profit = Rs. 2,76,400
Housing Loan (-) Rs. 1,47,600 (HL = Repayment + Interest(30050 + 1,17,550))
After Gross TI = Rs. 1,28,800/- }
If the above accounts details in my hand. He want filing his ITR...? My doubts are.,
This account can file ITR...?
If Filing which records want must...?

Thanks & Regards
P.M.RAJA

Jaspal Singh

Jaspal Singh (Expert)
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12 December 2016 You can voluntary file if you want.
As per law,it is not mandatory seeing from above details.

VIPIN GUPTA

VIPIN GUPTA (Expert)
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12 December 2016 An addition to the above In your case you have to fill the balance sheet and Profit and loss account. If you have not maintained the same you have to give debtors, creditors, bank balance and cash balance and for profit and loss account Gross Receipts and expenses and Net Profit.

RAJA P M

RAJA P M (Querist)
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13 December 2016 Good Morning Experts.,
Thank you for your reply (Jaspal Singh & VIPIN GUPTA),
Dear *GUPTA Sir,
The assesse having full accounts details. He is maintain his accounts properly...
So, i'll file this case in ITR 4...?!
Please reply Sir.,

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