Balance Sheet-Liability Side
1) Capital A/c
2) Loans & liability
3) current liabilites

Balance Sheet-Asset Side
1) Fixed Asset
2) Current Asset

P& L A/c - Debit side
1) Purchase
2) Direct Expenses
3) Indirect Expenses

P & L A/c-Credit Side
1) Sales
2) Direct income
3) Indirect Income

no those who are have the income range above the  
Rs.150000. or 10 lakhs above turnover those assesse are 
submit their balance sheet and profit and loss account and 
balance sheet.

Balance Sheet
Liabilities
Capital
Capital Liabilities

Assets
Fixed Assets
Investment
Working Capital
Misc. Expenses(Assets)

Liabilities :-

Net Profits
(-) Drawings
Capital
outstandings
Loans
Bills recivable

Assets :-

Fixed assets
(-)depriciation
Current assets
Bills payable
Closing stock
Cash & bank