Unaudited balance sheet & profit and loss a/c

This query is : Resolved 

21 June 2016 Dear sir,
Can unaudited balance sheet and profit & loss can be filled in ITR 4 for filling return.

21 June 2016 No. It can not be....

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.

21 June 2016 and profit & loss not required ?

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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