14 October 2012
No its not necessary..Even govt. employees are not liable to furnish any books of accounts.. if there is no books of account then there is no B/s
And all salaried person exempted from keeping books of account if their income is salary and income from other sources and house property..
14 October 2012
I support CA Mihir's views. . Further, ITR-1 & ITR-2 are the prescribed forms for those persons who are not having business income. . When the information as regards the Balance Sheet items is not essentially required, you should not provide the same. .
14 October 2012
sir if any government employee or person filing itr5 wishs to file his b/s than how can he file his b/s if he dont relevant records of some assets ?
CAclubindia
