Itr of individual doing home parlour

Page no : 2

Ankit Sharma (Student CA Final ) (43 Points)
Replied 01 August 2018

What about bank account of assessee?

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 01 August 2018

Show the all Account in his name and Parlour name in ITR.

Ankit Sharma (Student CA Final ) (43 Points)
Replied 01 August 2018

I am asking about bank account balance to be shown as asset, if file itr 4

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 01 August 2018

Originally posted by : Ankit Sharma
	I am asking about bank account balance to be shown as asset, if file itr 4

Simply Said.,

If You have balance then feed the values. If You don't have then leave it except Creditors, Debtors, Cash and Stock. These details required atleast 0.

1 Like

Ankit Sharma (Student CA Final ) (43 Points)
Replied 01 August 2018

As assessee does not have any shop or trade name or bank account in the name of parlour. But assessee has his personal bank account. Is it to be shown as asset?

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 01 August 2018

Originally posted by : Ankit Sharma
	As assessee does not have any shop or trade name or bank account in the name of parlour. But assessee has his personal bank account. Is it to be shown as asset?

Yes.... and Must...

1 Like

ShaShteshwar Nath (3 Points)
Replied 03 August 2018

Need some suggestions Case 1- One person working with private company and the salary is below 2.5 lakhs . But the employer has not given form 16. Then which type of ITR form is applicable? Case-2 One person an junior advocate and practice with senior advocate running firm and his income is below 2.5 lakhs then which type of ITR Form is best?

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 03 August 2018

Originally posted by : ShaShteshwar Nath
	Need some suggestions Case 1- One person working with private company and the salary is below 2.5 lakhs . But the employer has not given form 16. Then which type of ITR form is applicable? Case-2 One person an junior advocate and practice with senior advocate running firm and his income is below 2.5 lakhs then which type of ITR Form is best?

Case 1 - Either ITR 1 or 2

Case 2 - Either ITR 3 or 4