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Part a -bs of itr 3 for ay 2017-18

This query is : Resolved 
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(Querist)
21 March 2018 SIR
IF ANY PERSON WHO HAVE STARTING TO FILE ITR FROM AY 2017-18 , HE HAVE NOT FILE ITR BEFORE THIS YEAR

HE HAVE DECLERED BUSINES INCOME ON PRUSPTIVE (8%) BASIS AND HAVE NOT AUDITED UNDER 44AB
HAVE AGRICULTURE INCOME ALSO SO HE CHOOSE ITR 3 FORM

HE HAVE AGE OF 40 YRS

AND HAVE 14 LAKH RUPEES ( IN FIXED ASSETS AND IN CASH )FROM HIS PAST MANY YEARS SAVING

SO QUSTION IS ARISE THAT

IS IT COMPULSORY TO FILL PART A - BS (BALENCE SHEET) OF ITR 3
TO DECLERE HIS CAPITAL OF RS. 14 LAKH
???????????????????????????????????????
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 March 2018 no it is not required as well as you cannot fill balance sheet details if you are declaring income on presumptive basis.
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monika

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monika (Querist)
21 March 2018 SIR
WHAT IS THE WAY TO DECLERE CAPITAL OF RS 14 LAKH ,
WHICH I EARN FROM PAST YRS SAVING
????????????????????????????
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 March 2018 there is no need to declare except that you need to show the cash balance in the Point 6 of the BS sheet
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monika

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monika (Querist)
22 March 2018 I HAVE NOT MY CAPITAL IN CASH
IT IS IN FIXED ASEETS , LOAN AND ADVANCES, AND IN BANK BALENCE AND DEPOSITE
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 March 2018 that is understood. But you cannot disclose that while filing presumptive income.

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