Regarding income from speculative business
Querist : Anonymous
Kindly inform me where do i enter income from speculative business in itr 4 form.
Go to excel sheet named as BP in ITR 4
Querist : Anonymous
MY MAIL ID IS vishnu.freedom@gmail.com please send me the ITR 4 Market with the coloured cell
In ITR-4 (Sugam), income from speculative business is generally shown under Business Income but separately disclosed. Since ITR-4 is a simplified form, it doesn’t have a direct separate field for speculative business income.
You should:
Go to the "Profit & Loss" section (or the BP tab in the Excel utility).
Enter your speculative business income as part of your business income but clearly mention/specify it in the accompanying details or audit report if applicable.
If you want, I can guide you on how to fill the Excel ITR-4 utility manually with colors/highlights for speculative income — but I can’t send files directly here. However, I can provide a step-by-step or template to help you organize it correctly.
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