Balance sheet
This query is : Resolved
03 August 2012
i am filing itr- from 2003-04 withou filing b/s and p/l account ...business shown is tuition income....as now i have purchsed one property in 2011-12,,,so now I want file B/S ..how to proceed ....
03 August 2012
Dear Sumit,
Its not clear about your business or profession structure whether Company or Firms.
In case of Company filing of Financial statement with ROC is mangatory. Whereas same is not applicalbe for firms.
For filing IT returns there is no requirement to file Balance sheet & Profit & loss account with ROC.
Relevant information of Balance sheet & Profit & loss Account needs to be mentioned in IT Return.
Hence purchase of property which is asset needs to be shown in ITR irrespective of your filing status.
If your query not resolved, then kindly provide the exact details in order guide you properly.
Thanks.
Its not clear about your business or profession structure whether Company or Firms.
In case of Company filing of Financial statement with ROC is mangatory. Whereas same is not applicalbe for firms.
For filing IT returns there is no requirement to file Balance sheet & Profit & loss account with ROC.
Relevant information of Balance sheet & Profit & loss Account needs to be mentioned in IT Return.
Hence purchase of property which is asset needs to be shown in ITR irrespective of your filing status.
If your query not resolved, then kindly provide the exact details in order guide you properly.
Thanks.
06 August 2012
hello . well i am an individual ...i am filing itr - 4 from 03-04 by just showing gross recipts and not furnishing B/S and P/l A/c...
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
