john (LEARNER) (549 Points)
20 August 2011ITR-4S (Presumptive Income Tax Scheme)
E7 of Schedule BP ie. Total Amount of Sundry Debtors &
E8 of Schedule BP i.e Total Amount of Sundry Creditors
Should the Total Amount of the above Sundry Debtors/Creditors include Debtors/Creditors for Loans & Advances also.
Thank you
Amit Gupta
(Loosening Myself)
(1508 Points)
Replied 20 August 2011
No. only the advances given for the purpose of supply of material or services need to be considered
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