ITR-4 section 44AD

580 views
User Avatar

Accountant
53 Points Posted on 24 May 2022

Respected Sirs/mam,

I have two query regarding ITR-4, please sort out:-

1) If I have Business Receipts from Cash and Bank mode both, and I am declaring profit 15%, then whether I need to segregate the sales in Bank mode & Other mode 

or I can show directly in Other Mode??

2) In Financial Particulars of Business, If i show zero in all columns to process return whether its right ?? Because, If any time in future, I need to make B/s or P&L then, I shall not to match with figures given in ITR 

1 Reply Share Follow Topic
On 24 May 2022 at 12:14 Report
Replies (8)
Quick Summary
This discussion clarifies queries regarding ITR-4, specifically section 44AD. It addresses whether business receipts from cash and bank modes need segregation when declaring a 15% profit. The consensus is that while segregation is recommended, it's permissible to show them under 'Other Mode'. Furthermore, the thread advises against leaving all financial particulars blank, stressing that mandatory fields like bank balance must be filled, and suggests including basic figures like debtors, creditors, or stock for accuracy.

User Avatar

CA
4330 Points Posted on 24 May 2022
1) you can do so but it is recommended to bifurcate these amounts.

2) This way is wrong.
1 Reply
On 24 May 2022 at 14:06
User Avatar

CFO- at NHTF
15022 Points Posted on 24 May 2022
Fill bank balance mandatorily since it can't be zero.
Tds asset should be filled under deposits or balance with revenue dept
1 Reply
On 24 May 2022 at 14:42
User Avatar

Need help
436 Points Posted on 24 May 2022

I don't remember off the top of my head, but I believe a few basic figures are required. Happy to be corrected!

Non-cash revenue and cash revenue

Nett income offered for tax

Basic balance sheet figures such as cash, Bank balances, receivables and payables, tds and advance tax, stock valuation

1 Reply
On 24 May 2022 at 15:45
User Avatar

CFO- at NHTF
15022 Points Posted on 24 May 2022
ITR-4 has few mandatory figures and few optional .

Main thing is balance sheet need not match
1 Reply
On 24 May 2022 at 17:08
User Avatar

58 Points Posted on 25 May 2022
Agreed with jjj
Reply
On 25 May 2022 at 08:59
User Avatar

CFO- at NHTF
15022 Points Posted on 25 May 2022
@ Ahuja Shekhar

1.You can show under other mode
2Fill mandatory fields atleast
1 Reply
On 25 May 2022 at 12:46
User Avatar

Chartered Accountant
3528 Points Posted on 25 May 2022

It's better to mention 1 of the actual figure like debtors or creditors or stock or cash balance. 

 

Reply
On 25 May 2022 at 13:18
User Avatar

CFO- at NHTF
15022 Points Posted on 25 May 2022
ITR-4 is the case where the books are not maintained but you have to take care about the few figures like bank balance
Reply
On 25 May 2022 at 13:20

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Practical queries on buy back of shares
  2. Any faculty recommendations for latest batch recor
  3. FAI & FAST-DS 2026 query
  4. Is GST registration mandatory in this case
  5. Buying a residential flat in Goa: should my wife b
  6. Income tax filling
  7. Applicability of RCM in the case of import of serv
  8. Confusion in gst registration for service category
  9. Itc claimed from return defaulters
  10. Gst input credit

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details