Itr4 schedule bp

In the AY 2010-11 if my business turnover is 8,00,000 and as per 44AF my deemed profit would be 40,000(5% of 8,00,000), but booked or declared profit is 1,05,300(13.16%). Now please explain me which amount sould be filled in col.A33iii in schedule BP of ITR4.

details : In the AY 2010-11-----In no account case. nature of B/P code 0202 and 0301

Business turnover -----    800000
Gross profit         ------   135300
Expenses            ------     30000
Net profit            -----    105300

cash in hand ------ 210500

I want to declare my profit u/s 44AF and that is 105300 (13.16% of turnover) , despite of this I

have also earned of 36610 as a commission income from a marketing co, so including this comm. my

income from business/profession will be 141910. Gross total income and Total income is 158500 (including-income from other sources-Interest-16590) Now pl describe how to fill in ITR4 for AY

2010-11.

if any one can send me the filled itr4, i will be very grateful of him. and I think many other assessees may take benifit from such a filled ITR4.
thanking you.

Amount sould be filled in col.A33iii in schedule BP of ITR4 = Rs. 40,000

Now about rest of query, since your gross t/v doesn't exceed Rs. 10,00,000 or net profit is not exceeding Rs. 1,20,000/-, your are not required to maintan books of account u/s 44AA... So you have option either fill complete detail of recipt of expenses in PL schedule of the return or else at the bottom, SN 51, fill only four requirments...

I will advise you to go for 2nd option, ie fill only 4 information... which will be as below:-

Gross Receipt = Rs. 800,000 + Rs. 36,610

Gross Profit = Gross Receipt (because you are trader, and thus you will have only Purcahse Cost as direcct, if you have that. then Gross Profit = GR - Purchase Cost

Expenses = Gross Profit - Rs. 135,300

Net Profit = Rs. 135,300

And accordingly, fill summary detail in Balance Sheet Schedule

Now, in BP schedule, Profit as per PL Sch will come automatically and fill Profit u/s 44AF as mentioned above.....