Dear sir/madam
I am a LIC Agent and I maintain my books of account.But I want to know that when I fill my ITR 3 is it mandatory to fill up all the details like proprietor capital,current assets,loans and advance,depreciation,expenses details etc.
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Books of account is mandatory for lic agent
Replies (7)
Yes, whichever are business related......
It is manadtory ( You can put "Zero" value if you have no amount figure in any column)
you can put zero
It is very helpful for me if you describe the matter sir
Business related assets and liabilities are only required to be filled. Or personal investments and details (capital account details) are not necessary.
If you do not have office set up or any other depreciable assets for running the business, just bank balance, cash in hand, and sundry debitors, if any; be filled. Rest all can be just zero.
Good luck.
kindly fill bs and pl details in itr as required
if balanace sheet and p&l is prepared then fill the same..
if u have no such information then you have to fill at least mandatory columns in balanace sheet like cash, debtors, creditors etc.. under non maintenance of books of accounts
if u have no such information then you have to fill at least mandatory columns in balanace sheet like cash, debtors, creditors etc.. under non maintenance of books of accounts
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