Why should i fill schedule al in itr4

Dear All,

fy 2014-15         ay 2015-16

I have income from proprietory business 3 lac

Income from Long Term Capital Gain 34 Lac (on which tax has been paid in full).

ITR 4 is showing your income exceeds 25 Lakh and Schedule AL has to be filled. 

My query is why I need to fill Schedule AL when my income is one time on which tax is paid at special rate and not regular. What if i do not fill in Schedule AL

Thanks in advance

regards

puneet jain

Replies (1)

Schd 'AL' is to be filled because your income exceeds Rs. 25 lacs (Rs. 34 Lacs + 3 Lacs) during the year. It doesn't matter whether this is one time income or anything else but your income exceeds Rs. 25 Lacs during the year.

If you leave this schd unfilled, the return would not get validated and perhaps XML file will not be generated and if generated, it will show error while uploading your return.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details