Prepare of balance sheet and capital account

it assessess salary employee itr filed every year purchase of residential property value rs:1 crore present financial year.
question:
assessess prepare procedure of balance sheet and capital account for it purpose
Replies (3)
Quick Summary
This discussion covers the preparation of a balance sheet and capital account for income tax purposes. It addresses how to incorporate details like annual salary filings and the purchase of a residential property. The importance of matching the source and application of funds is also highlighted, confirming that these accounts can be compiled with client-provided information.

The source and application of funds should be matching.
Yes.It is possible to make balance sheet and capital account with various details and reports from the client.

Regards-CA. Raj Doshi-R C D & Co. Chartered Accountants-Kandivali West-Mumbai
Regards
easy compliance professional

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