ITR 4 Financial Particulars

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The user filed ITR 4 for AY2022-23 and included business financial particulars (E11-E25). They've noticed these sections are missing in the AY2023-24 ITR 4 form and are asking if the form has changed and how to enter these details without using ITR3, as they are still required. The discussion also confirms that claiming deductions under Section 80C (up to £1,50,000) and Section 80TTB (up to £50,000 for senior citizens) is possible simultaneously under the old tax regime.

Venkata Suresh

Venkata Suresh (Querist)

02 July 2023 In AY2022-23,I filed ITR 4.At that time i filled 'Financial Particulars of the Business' section (E11 to E25)like sundry creditors,sundry debtors,balance with banks,cash in hand etc.But those columns are not visible in ITR4 form of AY2023-24.Is that Return form changed ?
Without going to ITR3,is it possible to enter those details ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

02 July 2023 These details are required to be filled for this AY also. Check page 5 of ITR 4...
Financial Particulars of Business ... E11 to E 25...

Venkata Suresh

Venkata Suresh (Querist)

03 July 2023 Thank you.Can we claim 1,50,000 rs under sec 80C(ELSS scheme)and 50,000 rs under sec 80TTB(senior citizen bank interests)together total of 2lakhs deduction?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

03 July 2023 Yes, both simultaneously eligible under old tax regime.

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