ITR-4 How to create balance sheet
This query is : Resolved
SANKAR GHOSH
(Querist)
06 August 2020
I want to know my income from online logo design. Assets one computer and one AC, no debtors and creditors, no liabilities, can we make balance sheet schedule in ITR 4, how can we treat it? This is a case, in which whole income is above 10 lakh, and more than 5 lakh is expenditure. Is filling ITR 4 correct?
06 August 2020
YES FILL THE FIGURES THAT HAVE SOME VALUES AND REST PUT ZERO AND BALANCING FIGURE IN CAPITAL IF LIABILITIES LESS THAN ASSETS
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