Balance Sheet

167 views 4 replies

Atul Shah

148 Points Joined January 2017

Can we mention purchased resi. Property- loan and all kind of post-bank saving and FD as a invest.
in business balance sheet? Return field last 5 yrs. Everage 2.5 to 3 lakhs पर year and b/s capital being rs. 25 lakhs then is it ok? As above....

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

208015 Points Joined July 2016

First of all it is not mandatory.......

Secondly in case of Individual/HUF a combined BS including personal and business assets (i.e BS including capital account) is prepared, and wherever (e.g ITR3) it is required, it may be filed....

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Yes... I Agreed to Mr Dhirajlal Rambhia Sir...

It will combined (Business n Personal) then You can...

Ashish Khillan

Gaining knowledge

1039 Points Joined October 2015

Dear Sir,
i want to sure is all item of balance sheet is mandatory to fill and matched?( ITR4)
bcz mostly said it must be complete, so i m in doubt, plz clear it

thank you

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

@ Mr. Ashish Khilan.,

Yes... But, it various views and understandings. Also Dept notified that particular columns is required...

As per sec 44AD no need required regular books accounts. In this basis no need any details...

*** Logically all have balances in Cash and Bank. Also they had balances transaction on 31st July except cash transactions and online transfers of payment...
So, We will fill these figures in ITR 4...

*** Other than Logical, You can fill details if you have. If You don't have balances then feed 0. If You leave it blank then it's ask financial particulars...
So, Feed 0.