Bhavya Parekh (5 Points)
22 May 2019Can 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.
Prasad Rao
(CHARTERED ACCOUNTANT)
(73 Points)
Replied 22 May 2019
No need to furnish books of accounts but it is mandatory to fill the balance sheet of the partner.
Ritesh Asare
(Practice)
(322 Points)
Replied 22 May 2019
No, no question of books of account, for said sources of Income; except details about partner's gains/loss etc.
Bhavya Parekh
(5 Points)
Replied 22 May 2019
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)?
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