No Books of Account is maintained by the Pandit. And his total cash or bank balance is around ₹ 170000. He wants a loan of 5lakh . What income should i show in Gross receipts?
And
Can we show his income in PGBP Column - ' Books of Account not
maintained 'simply showing Gross Receipts ? Or we have to fill entire P&L account and Balance Sheet given under ' Books of Account maintained' ?
1 Replies
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 16 February 2019
simply show the income in preasumptive tax scheme...and file the return
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