Quick Answer
The Individual P&L & Balance Sheet Generator is a tool developed by CA V. Viswanathan for proprietors and professionals filing ITR-3 or ITR-4. By uploading previous Excel or PDF financial statements, users can auto-fill opening balances, enter current figures, and generate a 5-sheet Excel workbook including P&L, balance sheets, and depreciation schedules.
by CA V. Viswanathan
FCA, ACS, CFE, Registered Valuer (S&FA) | Since 2012
Generate complete financial statements for proprietors & professionals filing ITR-3 / ITR-4. Upload last year's Excel or PDF to auto-fill opening balances, enter current year figures, and download a 5-sheet Excel workbook.
Upload last year's Excel (.xlsx) or PDF to auto-fill opening balances & previous year figures
You can select multiple files at once (e.g. P&L PDF + Balance Sheet PDF + Depreciation Excel)
It is a financial tool for business proprietors and professionals, such as doctors or consultants, to generate complete financial statements. It assists those filing ITR-3 or ITR-4 by creating a 5-sheet Excel workbook covering profit and loss accounts, balance sheets, depreciation schedules, GST turnover summaries, and capital accounts.
You can auto-fill opening balances by uploading your previous year's financial statements. The system accepts Excel (.xlsx) or PDF files. You are permitted to select multiple files simultaneously, such as a P&L PDF, a Balance Sheet PDF, and a depreciation Excel file, to populate your information.
The tool is designed for business proprietors, including those with or without GST registration, and various professionals or freelancers. Examples of target users include Chartered Accountants, doctors, and consultants who need to prepare their financial statements for filing their ITR-3 or ITR-4 tax returns.
The 5-sheet Excel workbook generated by the tool includes a Profit and Loss Account, a Balance Sheet, an Income Tax Act-compliant Depreciation Schedule, a GST Turnover Summary, and a Capital Account or Computation document. This provides a comprehensive overview of your financial statements for the current year.
According to the provided text, CA V. Viswanathan, who is an FCA, ACS, CFE, and Registered Valuer, has been involved with the Individual P&L and Balance Sheet Generator since 2012. He developed this tool to assist individuals in managing their financial statements for tax filing purposes.
Individual financial statements (P&L and personal Balance Sheet) are required for: bank loan applications; visa applications (particularly for student / investor / business visas); high-net-worth wealth planning; family settlement and estate planning; and director-disqualification / net-worth proceedings.
Standard format: P&L showing income from each source (salary, business / profession, capital gains, house property, other) and personal expenses; Balance Sheet showing personal assets (immovable property, financial assets, business interests, vehicles, jewellery) at fair value, and personal liabilities (loans, credit-card outstanding, contingent obligations). CA certification adds credibility for institutional consumption.
This tool provides indicative output based on declared inputs. For complete advisory or compliance execution including any required regulatory filings, certifications, or representation, consult CA V. Viswanathan — FCA, ACS, CFE, IBBI Registered Valuer (IBBI/RV/03/2019/12333) — at +91 99622 60333. Free 30-minute consultation, with detailed scope and fixed-fee quote within 24 hours.