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Mandatory column-ITR 4 44ad

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Business
190 Points Posted on 14 January 2021
is a small business person with turnover upto 22 lakh is required to quote all business statement such as balanced with bank account in itr 4 form ?is it mandatory?
kindly share your opinions experts sir /mam.
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On 14 January 2021 at 22:12 Report
Replies (4)
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Chartered Accountant
24588 Points Posted on 15 January 2021
If you are opting for 44ad then you should mention bank balances in itr form. But as your turnover is less than 1 crores rupees you're not liable for tax audit
129 Reply
On 15 January 2021 at 09:31
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17264 Points Posted on 15 January 2021
Under ITR4, Financial details (including bank balance) are mandatory.
101 Reply
On 15 January 2021 at 14:49
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150 Points Posted on 15 January 2021
Bank balance is not mandatory field however some financial particulars such as sundry debtors,sundry creditors, cash,inventory us required to be filled under 44AD
1 Reply
On 15 January 2021 at 21:05
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Accountant
4533 Points Posted on 16 January 2021
No not many
19 Reply
On 16 January 2021 at 19:11


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