Unaudited balance sheet & profit and loss a/c
This query is : Resolved
Rahul Prasad
(Querist)
21 June 2016
Dear sir,
Can unaudited balance sheet and profit & loss can be filled in ITR 4 for filling return.
Can unaudited balance sheet and profit & loss can be filled in ITR 4 for filling return.
21 June 2016
No. It can not be....
Rahul Prasad
(Querist)
21 June 2016
I have filled ITR 4 and shown income from commision amounting Rs 145000. The return was nil return I have got notice 139(9) and advised there to fill Balance sheet & profit & Loss. what should to do.
21 June 2016
If your Income is less than the prescribed limit u/s 44AB, Audit is not applicable. Then you have to just fill the assets & liabilities of your business in the ITR 4 Balance sheet.
Rahul Prasad
(Querist)
21 June 2016
and profit & loss not required ?
Rupesh Jain
(Expert)
21 June 2016
for profit and loss detail gross receipts, gross profit, net profit and exp. to be filled in the itr-4 form.
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