Tanvi (Student) (224 Points)
25 July 2014Guys i want to know that do we need to fill Final Accounts (Balance Sheet and Profit n Loss A/C) while filing itr 4 for a legal practitioner.
Pls guide me in both the cases
1. Having income more than Basic Exemption Limit.
2. Having income less than Basic Exemption Limit.
Pls reply As soon as possible
CS Abhijeet soni Advocate
(CS LLB MCOM MBA (FINANCE) MPHIL CA INTER PGDCA PGDA&PR )
(931 Points)
Replied 25 July 2014
hi
greeting of the day
filling the balance sheet or P&L accounts only when you are maintaining the books of accounts properly and also when u are under audit .
so if you are not maintained accounts so you should go for the fill item number 53 directly
thanx
Tanvi
(Student)
(224 Points)
Replied 25 July 2014
But for a legal professional it is necessary to maintain books of accounts, then what we have to do in that case
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 25 July 2014
CAclubindia
