i am properitor of 2 firms - ABC enterprises and XYZ enterprises.
whose assets to be shown in itr 4 -only both
firms assets or my personal assets, which are gained by my rental and business income.
BS and PandL account required based on Business Incomes.
So, You ll show the Both Business BS details in ITR 4 and Your rental income will be under IFOS...
Note :
Schedule AL - Asset and Liability at the end of the year (applicable in a case where total income exceeds Rs.50 lakh)
CAclubindia
