Professional income

vishak (accounts) (488 Points)

03 July 2014

while filing of professional income p&l & balance sheet is compulsory in itr data entry sheet at 2014-15 ?

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subhash kumar jha (PROFESSION) (445 Points)
Replied 03 July 2014

Yes for PGBP income it is mandatory to provide detail of pl nd bs.

vishak (accounts) (488 Points)
Replied 03 July 2014

PGBP income means ?

Sathish M (Management Accountant) (40581 Points)
Replied 03 July 2014

Profits or Gains from Business or Profession.

praveen (Chartered Accountant) (6971 Points)
Replied 03 July 2014

Yes mandatory... I think only profit and loss is mandatory no need to fill balance sheet

RADHIKA JALAN (agarwal) (1521 Points)
Replied 03 July 2014

Yes for PGBP income it is mandatory to submit P&L,B/S & also the Capital A/C

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