15 July 2010
if he is not covered under the Presumptive Taxation then i think in return he has to show that he is maintaing Books of Accounts & thus Show BS & PL
15 July 2010
IF HE IS LIABLE TO MAINTAIN REGULAR BOOKS OF ACCOUNTS, THEN HE HAS TO SHOW PROFIT & LOSS & BALANCE SHEET .
THE SAME WORD USED IN ITR 4, YOU CAN CROSS VERIFY IT. IF HE IS NOT LIABLE , THEN ONLY HE HAS TO GIVE FIGURE OF TOTAL DEBTORS, TOTAL STOCK IN HAND, TOTAL CREDITORS,TOTAL CASH IN HAND ONLY.
CAclubindia
