16 February 2011
An assessee have two proprietory busineses X and Y which have seperate B/s & P/L as on 31.03.2010. Further he have have his personal B/S & P/L clubbing the net income from business X & Y together with income from other souces of Rs 156000/-. The tourn over of X is Rs 3612000/- & NP is Rs 450000/- and Y is Rs 250000/- & NP is Rs 65000/-.
Further he have TDS of Rs 112000/- (in business X)
Now, when filling his ITR 4 , should I consider the figures of his personal B/S & P/L ?
Can I opt "No Account Case" in filling ITR 4 ? (as the total tournover of his personal P/L is Rs 671000/- only).
CAclubindia
