Which form should be selected?
This query is : Resolved
28 July 2011
Dear Sir,
My son has proprietorship firm and he is filing first return of his life.in this very first year he has made net loss of Rs. 20000.00.His C.A.has suggested him form "ITR-V".Going through I.Tax's website there are form number 1,2,3,4,5,etc.but not form "ITR-V",so here shoud we count V=5?please help me and give some knowledge about all this form.One more question "At the time of filing of my return online,should i have to submit the figures of complete balance sheet or only net figure of net profit/loss?please note that turnover of first year is only 20lacs,and net loss is 20000.00.
Thanking You!
My son has proprietorship firm and he is filing first return of his life.in this very first year he has made net loss of Rs. 20000.00.His C.A.has suggested him form "ITR-V".Going through I.Tax's website there are form number 1,2,3,4,5,etc.but not form "ITR-V",so here shoud we count V=5?please help me and give some knowledge about all this form.One more question "At the time of filing of my return online,should i have to submit the figures of complete balance sheet or only net figure of net profit/loss?please note that turnover of first year is only 20lacs,and net loss is 20000.00.
Thanking You!
28 July 2011
ITR 4 IS TO BE FILED
THERE IS SHEETS FOR BALANCE SHEET AND PROFIT AND LOSS ACCOUNT TO BE FILLED
THERE IS SHEETS FOR BALANCE SHEET AND PROFIT AND LOSS ACCOUNT TO BE FILLED
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
