Regarding 'nature of business/profession code' for ay 2018-1
This query is : Resolved
26 May 2018
Sir,I'm a self employed MBBS doctor.I earn by visiting patient in different chamber run by other persons.Sir what will be the code for myself as a self practising mbbs doctor in 'nature of business/profession' for ay 2018-19 under 44ada?Previously it was as 0604-medical professionals. Will it be '16019-other professional services n.e.c' or '18010-Medical clinic's or '18017-Other healthcare service's? Please help sir.
27 May 2018
this is really horrible. It seems that just forgot to mention allopathic practice. you may use 18017 since you are not running your own clinic.
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27 May 2018
Thanks.Further I want to know what to be filled at financial particular of the business i.e from E11 to E25 as a professional.As I've earnings from professional income,no business;then what to be filled at 'partner/members capital,fixed asset,other assets etc.Can PPF(Public provident fund) to be shown as other assets ?Please enlighten in these regards.Thanks.
28 May 2018
you are filing ITR - 4 right?
28 May 2018
Yes sir,i will file itr-4 under 44ada.
28 May 2018
then follow the Note at the bottom of page 3 and fill in only those details that are readily available with you. Ignore the rest.
28 May 2018
Sir,thanks again.But in Itr-4 java/excel utility it has been said that only four items(E15-Sundry creditor,E19-Inventories,E20-Sundry debtors,E22-cash in hand) mandatory.But in online itr-4,there is no such instruction.Assuming that I put figure '0' in those four mandatory filled;but what will be the in case of E21-balance with bank.It is not to be written as '0'.If I put total balance with bank amount in this filled, then what to be written on capital(E11) and total capital/liability side(E17).Further sir,can I show total balance with bank(for example-Rs 100000/-)in E21 and PPF amount(for example-Rs 161000/-as on 31/03/18) in E24 as other assets and these total eg Rs 261000/- can be put as Total assets in E25 and also this amount can be shown as inPartners/Members own capital(E11) and in E17 asTotal capital and liability.Please guide me sir.
20 July 2025
Great question! Let me help you with filling out the financial particulars in ITR-4 for your self-employed medical profession under Section 44ADA.
1. Nature of Business Code
You’ve chosen 18017 - Other Healthcare Services which is appropriate since you are practicing as a doctor visiting different chambers and not running your own clinic.
2. Filling Financial Particulars (E11 to E25) in ITR-4
Since you are filing under presumptive taxation (Section 44ADA), you don’t have to maintain detailed books of account, but the form requires some basic financial information.
E11 (Partner/Members Capital)
This should ideally reflect your net worth in the profession. Since you’re a sole proprietor, you can consider your total assets minus liabilities as your capital.
E15 (Sundry Creditors)
If you don’t have any unpaid bills or creditors, enter 0.
E19 (Inventories)
Doctors typically don’t carry inventory, so enter 0.
E20 (Sundry Debtors)
If patients pay you immediately and you don’t have outstanding receivables, enter 0.
E21 (Balance with Bank)
Enter the actual amount in your bank accounts related to your professional practice (e.g., Rs 100,000).
E22 (Cash in Hand)
Enter actual cash you hold related to the profession or 0 if none.
E24 (Other Assets)
You may include your PPF balance (e.g., Rs 161,000) here if you consider it an asset relevant to your professional practice.
E17 (Total Capital/Liability) and E25 (Total Assets)
These should tally. Total Assets (Bank + Cash + Other Assets) = Total Capital (Partner Capital) + Sundry Creditors (if any).
3. Summary Example
Field Amount (Rs) Comment
E11 Partner’s Capital 261,000 Sum of bank balance + PPF (your net worth)
E15 Sundry Creditors 0 No creditors
E19 Inventories 0 No inventory
E20 Sundry Debtors 0 No outstanding payments
E21 Balance with Bank 100,000 Actual bank balance
E22 Cash in Hand 0 No cash in hand
E24 Other Assets 161,000 PPF amount
E17 Total Capital/Liability 261,000 Equals capital + creditors
E25 Total Assets 261,000 Sum of bank + cash + other assets
4. Additional Notes
Since this is presumptive income under 44ADA, the figures are primarily for information only.
Maintain consistency: Total Assets = Total Capital + Liabilities.
Ignore items not applicable to your profession.
If online ITR-4 doesn’t prompt you, filling zero or leaving blank for non-mandatory fields is fine.
1. Nature of Business Code
You’ve chosen 18017 - Other Healthcare Services which is appropriate since you are practicing as a doctor visiting different chambers and not running your own clinic.
2. Filling Financial Particulars (E11 to E25) in ITR-4
Since you are filing under presumptive taxation (Section 44ADA), you don’t have to maintain detailed books of account, but the form requires some basic financial information.
E11 (Partner/Members Capital)
This should ideally reflect your net worth in the profession. Since you’re a sole proprietor, you can consider your total assets minus liabilities as your capital.
E15 (Sundry Creditors)
If you don’t have any unpaid bills or creditors, enter 0.
E19 (Inventories)
Doctors typically don’t carry inventory, so enter 0.
E20 (Sundry Debtors)
If patients pay you immediately and you don’t have outstanding receivables, enter 0.
E21 (Balance with Bank)
Enter the actual amount in your bank accounts related to your professional practice (e.g., Rs 100,000).
E22 (Cash in Hand)
Enter actual cash you hold related to the profession or 0 if none.
E24 (Other Assets)
You may include your PPF balance (e.g., Rs 161,000) here if you consider it an asset relevant to your professional practice.
E17 (Total Capital/Liability) and E25 (Total Assets)
These should tally. Total Assets (Bank + Cash + Other Assets) = Total Capital (Partner Capital) + Sundry Creditors (if any).
3. Summary Example
Field Amount (Rs) Comment
E11 Partner’s Capital 261,000 Sum of bank balance + PPF (your net worth)
E15 Sundry Creditors 0 No creditors
E19 Inventories 0 No inventory
E20 Sundry Debtors 0 No outstanding payments
E21 Balance with Bank 100,000 Actual bank balance
E22 Cash in Hand 0 No cash in hand
E24 Other Assets 161,000 PPF amount
E17 Total Capital/Liability 261,000 Equals capital + creditors
E25 Total Assets 261,000 Sum of bank + cash + other assets
4. Additional Notes
Since this is presumptive income under 44ADA, the figures are primarily for information only.
Maintain consistency: Total Assets = Total Capital + Liabilities.
Ignore items not applicable to your profession.
If online ITR-4 doesn’t prompt you, filling zero or leaving blank for non-mandatory fields is fine.
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