Iam an unregd dealer till now and iam dealing in cash but now the situation arise due to notebandi that i have to be regd under sales tax act. due to this now i have two businesses. first without reg. & second is regd. i filed my previous itr 4s and balance sheet was prepared at that time. now i have a question that while filing the return for 2016-17 how can i show unregd. business & regd. business in ITR.
or can i show my unregd business under 44ad and regd business in which books of accounts are maintained both at the same time in itr 4.
one more question that the balance sheet prepare by me for last year can be utilised for my current accounting records or not...???
17 December 2016
You can show combined turnover and declare the profit, if you have filed tax return for earlier business income than you. Can take the balance sheet incorporating current year adjustment.
i have two business one is regd and another is unregistered. can i file both the business return in single ITR presuming unregistered business under section 44AD and registered business under books of accounts are maintained. can i do the same under ITR 4 ???
CAclubindia
