Financial particulars of the business in itr 4 , 44ad

Tax queries 738 views 5 replies

Hello to all. please help me out. What should i Enter into "Financial particulars of the business in ITR 4" ??

I am filling ITR 4 with 44AD and in my business, there are no sundry creditors or debtors. CAN I LEAVE EVERYTHING EXPECT CASH IN HAND ???

If I do this my liabilities will no equal to assets.. Help me out

Replies (5)
It is not mandatory to fill the financial particulars in case you do not maintain books of accounts.
it is mandatory for the ay 2018-19... but if u don't have any sundry debtors and creditors..fill it as nil...
Originally posted by : Gagan Aggarwal
it is mandatory for the ay 2018-19... but if u don't have any sundry debtors and creditors..fill it as nil...

Who said its mandatory ? Many of my friends file ITR without it ? How sir ?

u can file but it will default in future..
Originally posted by : Gagan Aggarwal
u can file but it will default in future..

OMG Really it will be default ?/?
 


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