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Personal balance sheet

This query is : Resolved 
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(Querist)
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.
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Amol S Joglekar

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Amol S Joglekar (Expert)
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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