Queries regarding no account case (p & l a/c)- itr 4

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Resepected Sir/ Madam,

I am going to file an e-return ITR 4 of a professional. I am confused about "NO ACCOUNT CASE" in Profit & Loss A/c section. I am not understanding which value should be Gross Receipts & Gross profit.

For example income from professional fees Rs. 1,60,000/-, income from House property Rs. 50,000/- and income from other sources Rs. 1,00,000/-. Total expenses Rs. 15,000/-. Please guide me about the Gross Receipts & Gross Profit.

Thanks in advance to all respected member.

Regards,

Abhishek Bag 
 

Replies (4)
please help me.. it is a very urgent...

please guide me. it is a very urgent..

Your gross receipt is 1.6L, Expenses would be 15K. House property and other sources income will be shown in respective sheets, not here.

then what will be the gross profit?  Please refere item no. 53a, 53b & 53c of Part A- P & L as well as Schedule BP of ITR 4 (2015-16) 


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