Section 44ad

Efiling 3319 views 8 replies

Respected Seniors

Is it compulsory to disclosed SUNDRY DEBTORS, SUNDRY CREDITORS, CASH & BANK BALANCE DURING FILLING ITR 4S UNDER Section 44AD of assee on Income Tax Return.

Please confirm me

 

 

 

 

 

Replies (8)

YES IF YOU CANT FILL ANY DETAIL THE RETURN CANT FILED

 

No. I myself hav uploaded d return widout filling those details and hav successfully completed the assessment without any errors.

Thanks Pakshal Jee,

Thanks for your reply, Are you sure during File ITR 4S (44AD) only I have to disclose my total turnover and Profit 8% of turnover only. No need to disclose Sundry Debtors, Creditors and cash balance

there is no need to disclose details regarding sundry creditors cash etc u have to just mention the gross income figure and profit @ 8% and file the return accordingly

 

if u r mentioning bank account than bank balance is mandatory creditors debitors  not required

IF SUNDRY DEBTORS, SUNDRY CREDITORS AND CASH BALANCE ARE NOT MENTIONED  DURING FILLING ITR 4S IT IS CONSIDERED THAT THEIR VALUE IS NIL.

Agreed.. There is no need to quote those 4 details in 44AD return.

no, only fill total turnover at 8% for itr 4s its enough


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