{ I have received a Accounts. He is doing Trading & Labour Contract works... His total income Rs. 6,13,650 Expenses are (-) Rs. 3,37,250 His Net Profit = Rs. 2,76,400 Housing Loan (-) Rs. 1,47,600 (HL = Repayment + Interest(30050 + 1,17,550)) After Gross TI = Rs. 1,28,800/- } If the above accounts details in my hand. He want filing his ITR...? My doubts are., This account can file ITR...? If Filing which records want must...?
12 December 2016
An addition to the above In your case you have to fill the balance sheet and Profit and loss account. If you have not maintained the same you have to give debtors, creditors, bank balance and cash balance and for profit and loss account Gross Receipts and expenses and Net Profit.
13 December 2016
Good Morning Experts., Thank you for your reply (Jaspal Singh & VIPIN GUPTA), Dear *GUPTA Sir, The assesse having full accounts details. He is maintain his accounts properly... So, i'll file this case in ITR 4...?! Please reply Sir.,
CAclubindia
