26 May 2020
Sir, One of new i.t. assess source of service income from sand and bricks etc rs.4,00,000/- net profit rs.3,15,000/-. in F.y. 2019-2020. I.t. return filing for the purpose of bank loan. Question: Person capital and cash on hand opening balance introduced minimum and maximum amount as on 01-04-2019 balance sheet in i.t.returns as per i.t.act.
27 May 2020
you need not to disclosed balance sheet requirements all you need to file cash,creditor,debtor,inventory and for bank loan prepare balance sheet as per your requirements
CAclubindia
