Balance Sheet in ITR 4

This query is : Resolved 

11 July 2009 Is It Mandatory to Professionals to Show
Balance Sheet In ITR-4 He has not made his Books But His income is 3 lacs His Income from Consultancy is 300000/- . He has no detail about debtors & creditors.

11 July 2009 If his gross receipts in all the three preceding previous years didn't exceed 1.50 Lacs, he's not liable to maintain books but he will have to give details of

1)Sundry Debtors
2)Sundry Creditors
3)Cash Balances
4)Gross Receipts
5)Total Expenses
6)Net Profit

In ITR-4.



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