Dear All,
Got a notice from income tax department 139(9) with error code 311 stating Balance sheet details to be filled. Last year filled 0 for all following, but this year got the notice. Please help to reply.
Amount of total sundry debtors - Don't have any , will put in 0
Amount of total sundry creditors - Don't have any , will put in 0
Amount of total stock-in-trade - Do we need to include the portfolio value here ? Or can be left blank as they are used for investment.
Amount of the cash balance - Is this only the cash in hand or need to include Saving account balance as well ?
Thank you!
CAclubindia
