Personal assets in itr-4
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2014
Experts,
An individual is maintaining both personal and business balance sheets separately i.e. personal (including residential house, home loan, jewellery etc. and business BS (including office, furniture etc.)
Now my question is while filing ITR-4, that individual has to combine assets and liabilities of personal BS and business BS or can show only assets and liabilities which are there in business BS only ??
Thanks
An individual is maintaining both personal and business balance sheets separately i.e. personal (including residential house, home loan, jewellery etc. and business BS (including office, furniture etc.)
Now my question is while filing ITR-4, that individual has to combine assets and liabilities of personal BS and business BS or can show only assets and liabilities which are there in business BS only ??
Thanks
17 July 2014
Fill ITR as per business Balance sheet.
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