Income shown under section 44AD

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Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2011 Please let me know how the sheets of PL and BS be filled up in ITR4 in case assessee wants to avail section 44AD.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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14 March 2011 In ITR 4,
You may fill up information required
in the manner provided as under
Under Part A-BS item no 6, No Account Case :

a Amount of total sundry debtors
b Amount of total sundry creditors
c Amount of total stock-in-trade
d Amount of the cash balance
Under PartA-P&L Item No 51
a Gross receipts
b Gross profit
c Expenses
d Net profit

In the above you may directly fill up gross receipts and net profit- leaving gross profit and expenses.

CA. Lohith Jagadeesh

CA. Lohith Jagadeesh (Expert)
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08 April 2011 Hi,

Agreed with Expert, by filling the above required details, it will be sufficient for the purpose of Filling ITR 4.

Thank you,

Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons, ITF Hons

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2011 In the software provided by IT Department, the figure of Net Profit is balancing figure and cannot be filled by user. How to fill this without filling gross profit or expenses.

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