ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Imp - income from salary & business income!!!

Tax (Student) (165 Points)

20 January 2017  

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? 


 2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (108161 Points)
Replied 20 January 2017

Better prepare P&L and Balance sheet for business. Salary income can be added in capital account.

Yes, ITR 4S can be filled.

1 Like

CA ANU RAO (CA IN PRACTISE) (128 Points)
Replied 20 January 2017

Balance Sheet and PL to be prepared for business income. ITR 4s cn be filed by also showing salary income


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading



Subscribe to the latest topics :
Search Forum:

Trending Tags