When we are require to give Bal sheet detail in return
whether in case of Co. and P'firm it is compulsory?
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Bal sheet detail in itr
Replies (2)
Yes it is compulsory to fill the details in Balance Sheet and P& L account for compnay and partnership firms.
However, tf the income derived on presumptive basis eg. Section 44AD and 44AE, balance sheet and P&L details not required to give.
But I thought is only mandatory if income is above 1.2lacs
If what you say is true then every company is require to maintain books of a/c under IT
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