Re: Filling of Income Tax Returns

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2010 Dear all,

I am an Individual, proprietor of Two Concerns which are under audit i have to file the revised returns for the A.Y. 2009-10. Hw can i file them.
Shall i have to merge both the balance sheet and profit and loss account for the both the concerns as well as personal balance sheet.

Kindly give u r opinion....

daya shankar singh

daya shankar singh (Expert)

22 May 2010 You file your revised return in the same way you file your original return

CMA RV Padmakumar.A

CMA RV Padmakumar.A (Expert)

22 May 2010 no need to merge ...separately in one return
like income from
business 1
business 2
personal income

A. Sankaranarayana

A. Sankaranarayana (Expert)

22 May 2010 As per my knowledge, you may prepare no. of Trading and Profit & Loss Account, but prepare only one consolidated Balance Sheet. That the Auditor certify that the of Mr. A - like that only. Moreover, Department of Income Tax maintain the file in the name of the Proprietor (in case of Propritor concern) not in your Est. name.

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