Sir I'm a self employed professional.I file itr-4 for presumptive taxation.For fy 2018-19(ay2019-20) the balance sheet in itr-4 it is mentioned as only creditors,debtors,inventories and cash in hands are mandatory to filled up.Others if available.Sir therefore I want to know if I fill up those four options only and other point to be kept blank or '0' to be written in balance sheetwhile filling online itr-4 for ay2019-20(fy2018-19)?Previous year(ay2018-19) in online itr-4 filing all the details of balance sheet was mandatory.
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Regarding filling of balance sheet in online itr-4
Replies (2)
ITR 4 can be filed, when books of accounts are not maintained. Hence, you did not maintain books of accounts, there is no need to submit balance sheet. but, since, they are asking details about debtors, creditors, cash and bank balances, giving those details will be sufficient while filing ITR 4
You should file ITR 3 in which you can claim actual expenses.
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