We are maintaining books of accounts but not liable to maintain books under section 44aa. Hence, we are filing C. No Account Cases section in Part A - Balance Sheet in ITR-5.
As per our books, we have:
1. Partner's funds = 89175
2. Fixed Assets = 3356
3. Cash balance = 1415
4. Bank balance = 28304
5. Vendor advances = 2086
6. Security deposits to vendors = 500
7. Input GST Credit = 2900
8. Retained earning = -50576 (loss)
As we have only four points under the C. No Account Cases section, I am a little bit confused about which value to put in each point.
1. Amount of total sundry debtors = ?
2. Amount of total sundry creditors = ?
3. Amount of total stock-in-trade = ?
4. Amount of the cash balance = (only the cash balance or including bank balance also?)
I'll be glad if anyone can help me with my query. Thanks in advance!
CAclubindia
