ITR-4 U/S 44-AD GROSS SALES OR NETT SALES

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies whether to report gross sales (including GST) or nett sales (excluding GST) when filing an ITR-4 under Section 44-AD for the financial year 21-22. The consensus leans towards using nett sales (without GST) to calculate the 6% presumptive profit, especially when all sales have been realised and debtors fully paid by the return filing date.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
Follow

07 November 2021 Ay 21-22 Year ending March 21 while filing 44-AD Return sales to be taken nett sales (without GST ) or Gross sales to be taken ( with GST ) whereof 6% nett profit to be shown because of total cheque transaction and also the total sales debtors as on 31st March 2021 have been fully received.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

07 November 2021 1. Without GST
2. Yes, total sales including due from debtors. 6% over the payments received & 8% on payment to be received as on filing return.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
Follow

07 November 2021 Respected Dhiraj Sir

Thanks for your guidelines.

Can you give me your whatsupp number please for enabling me to contact urgently.

TARIQUE RIZVI

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now