Personal balance sheet
This query is : Resolved
30 September 2012
Dear Sir,
In scrutiny proceedings, whether AO cas ask personal balance sheet of individual proprietor with his business balance sheet.
Please clarify.
In scrutiny proceedings, whether AO cas ask personal balance sheet of individual proprietor with his business balance sheet.
Please clarify.
30 September 2012
yes, very much possible. Some times balance sheet of proprietor along with a WEALTH statement is asked. It will depend upon how much intensity is felt by the ITO for the said scrutiny.
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