While filing of return, when we enter income as presumptive for professional then it's compulsory to enter details in balance sheet and profit and loss account ( regular books of accounts not maintained) details?
Thanks
Virag Shah
Yes, some of the fields like sundry creditors, cash balance etc. are mandatory, may it be '0'.
If any amount is already clear, better to fill that.
You have to proceed only with presumptive income.
Why you do not file ITR 4 for presumptive assessment?
CAclubindia
