11 April 2014
I want to e-filing for the Assessment year of 14-15, please advice me how can I prepare a profit & Loss and my balance sheet. I want to e-filing a 4S Sugam form.
11 April 2014
ITR-4S doesn't contain the profit and loss and balance sheet schedule, so for this purpose you need not to prepare p&L and Balance sheet.
02 October 2021
For filing ITR4S, you should declare minimum 8% as profit margin over your total sales receipts. No need to maintain books of accounts.
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