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