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Disclosure of asset in ITR 4.

Manoj Jain   28 September 2020

Manoj Jain

 5 points

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I had a nil taxable file till 2018 and I have some jewellery in my books. From 2018- 19 onwards I started my business and has to file my tax under section 44AD. Can I show jewellery in the fixed asset head of business details under ITR 4 as the same is not shown in my books. Please suggest.


sabyasachi mukherjee   29 September 2020

sabyasachi mukherjee

 153 likes  4094 points

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What is your turnover?


RAJA P M ("Do the Right Thing...!!!")     29 September 2020

"Do the Right Thing...!!!" 
 8417 likes  114934 points

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No need if it's not showing in Your business account...

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