Section 44AE

I HAD A CONFUSION REGARDING BALANCE SHEET PREPARATION FOR SEC 44AE

THOUGH IS IN NOT REQUIRED AS PER INCOME TAX ACT, BUT I WANT TO PREPARE IT FOR MY SUBSEQUENT REQUIREMENT, I AM CONFUSED AS WHEN I TAKE PRESUMPTIVE INCOME, I NEED TO ADD IT TO CAPITAL A/C AND ON ASSET SIDE ACTUAL FIGURES OF BANK & CASH A/C, IN THIS CASE B/S WILL NEVER TALLY, THEN HOW TO TREAT THIS.



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