An assessee has income from Salary & also has substantial business income from catering...
Can I show both salary & business income while preparing P&L A/C AND Balance Sheet??
Also can I file ITR 4s for the above TWO incomes?
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Imp - income from salary & business income!!!
Replies (2)
Better prepare P&L and Balance sheet for business. Salary income can be added in capital account.
Yes, ITR 4S can be filled.
Balance Sheet and PL to be prepared for business income. ITR 4s cn be filed by also showing salary income
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