If declere cash in hand , sundry debtor , stock in trade
This query is : Resolved
14 November 2016
sir if any asesse( who have income from business) have alredy file fy 2015-16 ITR 4
and declere in ITR-4 form
Part A– BS
NO ACCOUNT CASE
column 6
a. Amount of total sundry debtors = 200000
b. Amount of total sundry creditors= nil
c. Amount of total stock-in-trade = 125000
d. Amount of the cash balance = 245000
at 31 march 2016
and he earned some income of rs. 150000 during fy 2016-17 in cash till date 8/11/2016
so question arises
can he show recive from debtor in cash 190000 till 8.11.2016
recieve from sale of stock rs 100000 till 8-11-2016
so at 8-11-2016
cash in hand =245000+190000+100000+ 150000= 685000
can he deposite rs. 685000 in cash at now
and declere in ITR-4 form
Part A– BS
NO ACCOUNT CASE
column 6
a. Amount of total sundry debtors = 200000
b. Amount of total sundry creditors= nil
c. Amount of total stock-in-trade = 125000
d. Amount of the cash balance = 245000
at 31 march 2016
and he earned some income of rs. 150000 during fy 2016-17 in cash till date 8/11/2016
so question arises
can he show recive from debtor in cash 190000 till 8.11.2016
recieve from sale of stock rs 100000 till 8-11-2016
so at 8-11-2016
cash in hand =245000+190000+100000+ 150000= 685000
can he deposite rs. 685000 in cash at now
14 November 2016
Yes he can deposit the amount and furnish the details when asked for.
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14 November 2016
one more query sir
if he have file his itr 4 of FY 2015-16 after date 8-11-2016
can he do same
if he have file his itr 4 of FY 2015-16 after date 8-11-2016
can he do same
14 November 2016
Such cases will not be accepted by the dept. Tax will be levied.
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2 times
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