Section 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2013 if person comes under section 44ad
1)Can they mention in non Account column in ITR-4 only..? ( like Gross receipt , Gross profit)
2) or mention all the column..? (in pnl sales , exps & in balance sheet capital, creditor, debtor, cash , bank)

pls give a suggestion..

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 June 2013 If 44AD is opted, ITR 4S is recommended in which column E7,E8,E9 an E10 viz., debtors, creditors, stock and cash balance has to be filled up.

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2013 but sir itr-4 have a column for non account..is it not for a person who comes under section 44ad

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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14 June 2013 ITR -4 Should be used when it is applicable or ITR 4S is not applicable.
.
In case the person is having income from capital gains or is having income from 2 properties, ITR -4S is not applicable. In such a case the person has to file ITR-4 and he can opt no book option and has to provide 4 details in P&L and 4 Details in Balance Sheet.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2013 Thanks sir for clear my doubt

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2013 & sir

if i file itr-4 under section 44ad & mention detail in No Account Case.
Now what should be mentioned in column no. 33i ( section 44ad) 0 or net profit amt..?

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2013 & sir
if i file itr-4 under section 44ad
& mention detail in No Account Case.

Now what should be mentioned in column no. 33i (for section 44ad) 0 or net profit amt..?

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2013 & sir
if i file itr-4 under section 44ad
& mention detail in No Account Case.

Now what should be mentioned in column no. 33i (for section 44ad) 0 or net profit amt..?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 June 2013 You have to mention Profit U/s 44AD there.
.
In the subsequent columns also the same amount will be repeated.
.
Against Item D (after col. No. 44) the said amount should be reflected.
.

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