Part a -bs of itr 3 for ay 2017-18

This query is : Resolved 

21 March 2018 SIR
IF ANY PERSON WHO HAVE STARTING TO FILE ITR FROM AY 2017-18 , HE HAVE NOT FILE ITR BEFORE THIS YEAR

HE HAVE DECLERED BUSINES INCOME ON PRUSPTIVE (8%) BASIS AND HAVE NOT AUDITED UNDER 44AB
HAVE AGRICULTURE INCOME ALSO SO HE CHOOSE ITR 3 FORM

HE HAVE AGE OF 40 YRS

AND HAVE 14 LAKH RUPEES ( IN FIXED ASSETS AND IN CASH )FROM HIS PAST MANY YEARS SAVING

SO QUSTION IS ARISE THAT

IS IT COMPULSORY TO FILL PART A - BS (BALENCE SHEET) OF ITR 3
TO DECLERE HIS CAPITAL OF RS. 14 LAKH
???????????????????????????????????????


21 March 2018 no it is not required as well as you cannot fill balance sheet details if you are declaring income on presumptive basis.

21 March 2018 SIR
WHAT IS THE WAY TO DECLERE CAPITAL OF RS 14 LAKH ,
WHICH I EARN FROM PAST YRS SAVING
????????????????????????????


21 March 2018 there is no need to declare except that you need to show the cash balance in the Point 6 of the BS sheet

22 March 2018 I HAVE NOT MY CAPITAL IN CASH
IT IS IN FIXED ASEETS , LOAN AND ADVANCES, AND IN BANK BALENCE AND DEPOSITE

22 March 2018 that is understood. But you cannot disclose that while filing presumptive income.



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