Query regarding itr 4 profit & loss

This query is : Resolved

Guest

Guest (Querist)

22 January 2015 In ITR 4 . For Profit & Loss there is an option "No Accounts Case". I am aware of gross receipts it is 7,23,000. But as no accounts are maintained i am not aware of Expenses. How should i fill this part in return.

Amol S Joglekar

Amol S Joglekar (Expert)
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22 January 2015 "No account case" refers to section 44AA regarding Maintenance of Books of Accounts.
It has nothing to do with whether or not you maintained the books or not.
You can try ITR4S, if applicable to you.

Guest

Guest (Querist)

22 January 2015 ITR4S is not applicable. How should return be filed if expenditure for business cannot be accurately ascertained but receipts from business are certain.

Amol S Joglekar

Amol S Joglekar (Expert)
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22 January 2015 make a best judgement for the expenditure.

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