ITR_Query2

ITR 498 views 1 replies

i am confused filling ITR-4, Details are as follows:

* does not maitain books of account in their business which is u/s 44AE
**filled in item 51d (as there is "NO ACCOUNT CASE)

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ITR-4
Schedule BP  (computation of income from business or profession)
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1. Profit before tax as per profit and loss account (item 43 or item 51d of Part A-P&L)**        - 152300

2. Net profit or loss from speculative business included in 1                                          - 0
 
3. Income/ receipts credited to profit and loss account considered under other heads of income         - 0
 
4. Profit or loss included in 1, which is referred to in section44AD/44AE/44AF/44B/44BB/               - 152300
   44BBA/44BBB/44D/44DA Chapter-XII-G/ First Schedule of    Income- tax Act

5. Income credited to Profit and Loss account (included in 1) which is exempt                          - 0

6. Balance (1-2-3-4-5d)                                                                                - ???

  
as logic is that item#1 - item#4 than it comes to "NIL". isn't it.
  
Please help.


Attached File : 18 temp.txt downloaded: 169 times
Replies (1)

Dear sir,

your computation is right. as per the calculation the balance remain NIL

now we have to write the whole amount of 51d in 33ii.

and now the process will end.

 

:)


CCI Pro

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