Can anyone please explain whether Partner of a Partnership Firm (while filing his personal return) is required to furnish their Books of Accounts in case he has :-
Income from House Property,
Income from Partnership Firm (loss),
Capital Gains,
Income from Other Sources.
Kindly post your answer at earliest, it is very urgent.
No need to furnish books of accounts but it is mandatory to fill the balance sheet of the partner.
No, no question of books of account, for said sources of Income; except details about partner's gains/loss etc.
Okay, Thank you so much!
Sir, Balance Sheet needs to be filled means we need to furnish P&L and Balance Sheet completely, right? The same what we do through Winman Software, right (if you might be aware of the same)?
CAclubindia
