09 April 2012
You need not prepare your balance sheet if you are not maintaining regular books of account. . Better file your return u/s 44AD i.e. presumptive taxation by showing 8% as net profit if your turnover is less than Rs.60 lacs. . If this is applicable to you; you can file your return 4S. . In this return you have to show your total of sundry debtors, creditors, stock and cash.
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