Itr-4 sugam ay 2018-19

YES

May the value be zero.

Sir, that means Balance Sheet needs to be prepared in every case for which ITR-4 has to be filed.

But all such info. - Capital/Loans/Fixed Assets/Bank Balance, are not required in ITR-3. That ITR still have old rows - Debtors/Credtiors/Stock/Cash in Hand etc, where no books of accounts are maintained. 

ITR-4 is for presumptive taxation and many assesses are filing it without maintaining any record.

Such details should be asked from the assesses registered under GST. The government should come up with filling instructions, as in ITR-1.

" ITR-3 is for presumptive taxation and many assesses are filing it without maintaining any record."

ITR 3 (AY 2018-19) is particularly for income under head Business & Profession, may it be normal asessment or presumptive assessment.

For presumptive assessment of any income under PGBP, ITR 4 is more suitable. But for any other reason when ITR 4 cannot be filed, ITR 3 is the option left.

Practically, in AY 2017-18......more defective notices were issued for ITR 3, when such details were not declared.

I have corrected ITR-4 in place of ITR-3 in my above post.

	I have corrected ITR-4 in place of ITR-3 in my above post.

The internal policy of the department is to bring more and more people under scanner, so that any loopholes in the system is plugged. And the digitallization has helped the system to achieve the goal without much effort.

So, be ready for any such gimmicks that may be added every year.

Secondly, don't be under impression that whatever passed last/earlier year without notice, will go through this year also. (results already seen last year in number of defective notices)

As per instruction issued, only figures for Debtors, Creditors, Stock and Cash in Hand are mandatory in ITR-4 Sugam. Rest can be filled if available. A new set of BUSINESS CODES FOR ITR FORMS FOR A.Y 2018-19 has been issued.

Even i feel there is some mistake on the part of ITR... specially for non gst registered assessee and falling under 44AD or 44ADA

though there is condition with regard to "FINANCIAL PARTICULARS OF THE BUSINESS"  E11 to E25

Condition being "Please refer to instructions for filling out this schedule (E15 E19 E20 E22 are mendatory and other if available)

so does that mean the the software of department wont check the figure of E17 = E25 ?

but if we only put the figures of E15 /E19/E20/E22 then the source of fund and Application of Fund will have mismatch

and the note says "other if available" wondering if this mismatch wont result into defective notice...?

As anyone already tried this and received order or defective notice?

ITR 4 should ask minimum detail with regard to Balance Sheet... after all it is meant for business or professional where books of account are not maintained.. and on other hand all detail of balance sheet is asked as if books are maintained...
A person who doesnt not maintain books can not give this detail....

Now even in June month the ITR 3 doesnt need full balance sheet... only point no. 6 of Part A- BS is fine for 44AD/44ADA.... (Strange)

"FINANCIAL PARTICULARS OF THE BUSINESS" - Is this section medatory for Profession?

Yes...... as it is also included in head 'PGBP'