25 July 2008
Sir,i have a query regarding one of our client.One of our client is having a proprietorship business,he is also a partner in 3,4 other firms,so please tell me while filling his ITR-4,what should i enter in the part A-BS& Part A-P&L . Thanks ranjit C.A Final
26 July 2008
you will compute the total income of that assessee & make a capital a/c total credit balance in each firm that amount will show in the balance sheet
26 July 2008
The assessee has to furnish the particulars of the personal balance sheet which will include the figures relating to the proprietory business and the investment in the capital with the said firms. Complete details of the firms are not to be filled.
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