Itr form 4 for a/y 2018-19

Originally posted by : SANDIPAN BANERJEE
	DOES A BUSINESSMAN FILLING ITR 4 FOR A/Y 2018-19 SHOWS PRESUMPTIVE INCOME AND ONLY SHOWS GROSS AND NET VALUES AND NOT FILL THE BALANCE SHEET. WILL HE BE SENT A NOTICE OR WILL IT BE CONSIDERED.

yes, it is acceptable 

imp : never ever forget to put cash balance in itr 4 otherwise it will be defective by A.O 

It seems that to be able to use ITR 4 for AY 2018-2019 you have to be a GST registered assessee. Therefore those professionals having turnover below 20 L and not registered in GST or those not registered on account of RCM (Lawyers etc) are not entitled to benefits of presumptive taxation and must file ITR 3 and have their books audited.

Originally posted by : Sunil
	It seems that to be able to use ITR 4 for AY 2018-2019 you have to be a GST registered assessee. Therefore those professionals having turnover below 20 L and not registered in GST or those not registered on account of RCM (Lawyers etc) are not entitled to benefits of presumptive taxation and must file ITR 3 and have their books audited.

NO, your assumptions are wrong , that particular column will be deemed mandatory only for PAN registered with GSTIN ...so if PAN is not registered with GSTIN then I think those coloumns are irrelevant .... for exact answer CBDT should put clarification (regarding this particular issue)  under "instructions" they provide along with ITRs...