Dear Sirs,
Personal Property show or not in ITR4 if i maintain books of accounts of proprietary business. and i made my personal capital statement (including fixed assests those not shown in proprietary balance sheet ) & income statement ( including profit from business) it is correct or not please help me......
If your propreitory business transction is distinctly available for u then file those returns as Business Incomes and when it wasnot available treat all assets as your business property and your personal expenditures and incomes should be adjusted through your capital account as drawings or capital contributions.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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