What information should i fill in "Financial particulars of the business" in itr4
I dont have any data for those fields (E15 , E19, E 20, E22) and it is mandatory to fill those fields in latest itr it gives error when clicked on submit.
Please give your advice.
If you have any real figures of creditors & debtors. fill that otherwise fill '0' in fields E15 & E20
Invetories, or stocks. must be some figure !!! or else fill '0' in E19, also.....
But cash in hand cannot be zero....... fill some figure as per your experience in the business....
Thanks for your responce.
From where can i get the data for cash in hand? All income has been recieved digitally with zero cash income.
Can i put zero in that field will it be ok?
No.
Some of your business expenses require petty cash....... so '0' will be unrealistic figure...
Thanks for your response.
Could you please give me a simple definition of cash in hand. Also do i have to add the amount of cash in hand to the total income?
If i leave the other fields as 0 will there be can chance of receiving a defective notice?
1. Here, 'cash in hand' means ..... money and notes, kept to pay small/sundry amounts but not deposited in the bank.
2. If any income received by cash, you have to add, otherwise no.
3. No.
Thanks for your response.
My Pleasure ...
@ Ramu: No need. You can fill '0'.
Hi..i am a teaching professional, filling Financial particulars of business in itr4 , i am just filling bank balance and cash in hand only and in other options i fill 0 including E11 then there is mismatch in total capital & liabilities ( E17) and total assets ( E25), will there be any problem ?
Kindly reply
HOW TO WE REPORT CASH DEPOSIT AND WITHDRWALS BEYONG 10LK IN ITR 4? UNDER WHICH HEADER
CAclubindia
