Filing of balance sheet and profit and loss
This query is : Resolved
27 March 2014
My question is who all are liable to submit balance sheet and profit and loss account while filing the Income Tax returns ?
Is it Assessee based ( Individual,HUF, Company etc) or Return form based ( ITR 1,2,3,4,5 etc ).Thanks in Advance
Is it Assessee based ( Individual,HUF, Company etc) or Return form based ( ITR 1,2,3,4,5 etc ).Thanks in Advance
27 March 2014
ITR1/ITR4s/ITR2 no requirement for balancesheet & p&l
same applies to ITR3. ITR4/ITR5 requires balancesheet/P&l depending on turnover (refer 44AA)
ITR4S no need for for balancesheet, P&L etc
same applies to ITR3. ITR4/ITR5 requires balancesheet/P&l depending on turnover (refer 44AA)
ITR4S no need for for balancesheet, P&L etc
27 March 2014
ITR 1,2,3,4S - Not required
ITR 4,5,6,7 - Required
Is this right ?
ITR 4,5,6,7 - Required
Is this right ?
27 March 2014
not required in 7...six yes it is required...4/5 depends on turnover..
01 April 2014
Can you elaborate on the turnover limits and also quote relevant sections if any.
01 April 2014
Read section 44aa 44ab. Also section 11/12. For forms refer rule 12
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
