Dear Experts., I have some doubts... A Assessee have not maintain his accounts and he will file ITR4 for his Income Tax return. My Doubts... 1. If he can fill the details in BALANCE SHEET area 1 to 5 it's available or not available...? or Only fill the details in Row No. 6 (NO ACCOUNT CASE)...? 2. If he can fill the details in PROFIT & LOSS A/c area 1 to 52 it's available or not available...? or Only fill the details in Row No. 53 (NO ACCOUNT CASE)...? 3. He fill the B/S & P&L details in NO ACCOUNT CASE column. How to prepare Balance for his Capital A/c, Loans for Secured/Unsecured, Deposits, Investments, Loans and Advances, TDS and Stock etc.., (Note: Dear Experts., I have more doubts. But, I can ask here...? I'm not fluent in English. S, please understand my writing. If Any reply from TAMIL Experts I feel very happy ) Thanks & Regards P.M.Raja., +91 814 834 0357 Email: pmrajaandco2016@gmail.com
Dear Taxfull Team, How many days will take answering a question...?
Dear Mr. Raja,
If your Assessee has not maintain the accounts, ideally he has to file ITR4S and not ITR4 but even if becasue of some reasons he is filing ITR 4, he has to fill only NO ACCOUNTS CASE.
Please feel free to call/revert in case of any queries
Thanks and Regards,
Abhishek Dugar
CA CS B.Com
Dear Mr. Abhishek Dugar, Thank you for your reply. I have some doubts in ITR4 no account case and ITR4S. If I file ITR4 - NO ACCOUNT CASE for a assesse. Then how to prepare Balance Sheet and PandL account to the assesse. Because, They have Fixed assets, Loans Details (Liability & Assets), Investments, Deposits, Revenue authorities and Stock details and etc., I can prepare B/S and PandL for Account maintain cases. But, How to prepare these details like B/S and PandL to ITR4S and ITR4- NO ACCOUNT CASE... How to get loan process for both cases (ITR4S & ITR-NO ACCOUNT MAINTAIN CASE) Thanks & regards P.M.RAJA