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How to make a balance sheet on presumptive basis
HOW TO MAKE A BALANCE SHEET ON PRESUMPTIVE BASIS
Replies (3)
Bhupeshji, u must have got gross receipt and income (at least 8%) with you along with you must be knowing the direct and indirect expenses of your business, so make trading & P&L according to it. make sure gross receipt and income figure doesn't change as these have to be filed with the department.
Balance sheet cannot be made on presumptive basis. It must be supported by proper documents and evidence
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