No Books of Account is maintained by the Pandit. And his total cash or bank balance is around ₹ 170000. He wants a loan of 5lakh . What income should i show in Gross receipts?
And
Can we show his income in PGBP Column - ' Books of Account not
maintained 'simply showing Gross Receipts ? Or we have to fill entire P&L account and Balance Sheet given under ' Books of Account maintained' ?
CAclubindia
