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No account case ( profit & loss a/c) - itr 4,

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(Querist)
22 August 2015 Respected Sir/ Madam,

I am going to file an e-return ITR 4 of a professional. I am confused about "NO ACCOUNT CASE" in Profit & Loss A/c section. I am not understanding which value should be Gross Receipts & Gross profit.

For example income from professional fees Rs. 1,60,000/-, income from House property Rs. 50,000/- and income from other sources Rs. 1,00,000/-. Total expenses Rs. 15,000/-.

Please guide me about the Gross Receipts & Gross Profit.

Thanks in advance to all respected member.

Regards,

Abhishek Bag
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Taxguy

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Taxguy (Expert)
22 August 2015 Gross REceipt :310000
Gross profit : 310000
Expenses : 15000
Net profit : 295000
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abhishek bag

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abhishek bag (Querist)
23 August 2015 Thank you for guiding me.

regards,

Abhishek Bag
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