No books of account
This query is : Resolved
18 October 2014
dear sir
in AY 13-14 commission income RS 324500 filled itr-4 as books of accounts case, now in AY 14-15 he only got commission 82356, so can now file it as NO BOOKS OF ACCOUNTS CASE? ADVICE THANKS......
in AY 13-14 commission income RS 324500 filled itr-4 as books of accounts case, now in AY 14-15 he only got commission 82356, so can now file it as NO BOOKS OF ACCOUNTS CASE? ADVICE THANKS......
Soumitra Basu
(Expert)
20 October 2014
Yes, you can file in no books of accounts and estimate the income.
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22 October 2014
dear sir
thanks for replies. do I need to prepare balance sheet. or only show in no account case balances? please advice....thanks.
thanks for replies. do I need to prepare balance sheet. or only show in no account case balances? please advice....thanks.
Soumitra Basu
(Expert)
22 October 2014
You need not prepare any Balance Sheet. But you must show the cash in hand in no books of accounts column.
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