PRESUMTIVE TAXATION SCHEME
This query is : Resolved
Suresh S. Tejwani
(Querist)
09 June 2026
What are the minimum books, records, and balance sheet particulars that should be Mandatorily Disclosed by a presumptive taxation assessee ( ITR 4 )for compliance purposes for AY 2026-27 .
09 June 2026
For ITR-4 (AY 2026-27) compliance under presumptive taxation, an assessee does not need a full Balance Sheet but must mandatorily disclose four specific year-end balances: Sundry Debtors, Sundry Creditors, Stock-in-Trade, and Cash Balance, along with a breakdown of Gross Turnover/Receipts (segregated into digital and cash modes) and active Bank Account details.
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