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Balance Sheet


Atul Shah   28 June 2018

Atul Shah

 2 likes  94 points

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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....

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     28 June 2018

Dhirajlal Rambhia
KVO Merau Kutchh 
 9222 likes  93315 points

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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.... 

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RAJA P M ("Do the Right Thing...!!!")     28 June 2018

RAJA P M
"Do the Right Thing...!!!" 
 8387 likes  114646 points

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

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

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Ashish Khillan (Gaining knowledge)     09 July 2018

Ashish Khillan
Gaining knowledge 
 56 likes  1039 points

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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

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RAJA P M ("Do the Right Thing...!!!")     10 July 2018

RAJA P M
"Do the Right Thing...!!!" 
 8387 likes  114646 points

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@ 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.

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