Menu
Working capital is nassecery in 44Ad Returns
Is it Mandatery to discribe working Capital, and other Mandatery info. in First ITR under 44AD, where business is very small & not having GST No.?
Replies (15)
Under 44AD in ITR4 under the financial information there are four mandatory items you have to fill that is Debtors, Creditors, Inventory & cash balance as of 31st March.
No showing of working capital. Leave GST schedule without filling.
No showing of working capital. Leave GST schedule without filling.
The audited balance sheet needs to be filed...
Current Assets and Current Liabilities are part of Workin Capital.
Current Assets and Current Liabilities are part of Workin Capital.
@ sabyasachi
The querist is going for 44AD presumptive taxation. The audit question doesn't arise !!!
The querist is going for 44AD presumptive taxation. The audit question doesn't arise !!!
Yes... I agreed to Mr Kapadia Pravin...
read Sec 44AB
read the query first...
RAJA I DO UNDERSTAND THE QUERY BUT AN ASSESSE HAVING A TURNOVER more than OF RS. 50 lakhs WIL PREFER HIS ACCOUNTS TO BE AUDITED.
whether its presumptive income or any other income.
precautionary measure.
its not mandatory.
whether its presumptive income or any other income.
precautionary measure.
its not mandatory.
Once again read the Query bad Reply based on the Query... Don't be mix or over read or whole act apply to the SINGLE QUERY...
Or don't be test or confuse Querist...
Or don't be test or confuse Querist...
Raja eithervu are not comprehending the reasons for my answer.Dont get hyper.
It is not mandatory as per the query.
Be sensible at least.
The audited report will be required everywhere.
I will prefer that.
It is not mandatory as per the query.
Be sensible at least.
The audited report will be required everywhere.
I will prefer that.
Okay.... With sensible...
The said points not required the query. In case You have any doubt please read sec 44ab & 44ad with Query...
The said points not required the query. In case You have any doubt please read sec 44ab & 44ad with Query...
Its your opinion dear.
dont get hyper.
If any client approaches I will get his books of accounts audited.
dont get hyper.
If any client approaches I will get his books of accounts audited.
(If any client approaches I will get his books of accounts audited.)
okay dear.... enjoy the same.
okay dear.... enjoy the same.
| Originally posted by : sabyasachi mukherjee | ||
 |
Its your opinion dear. |  |
Bro... This is not opinion bro... This is rule/Act...
I also follow Act but, somehow you should maintain some professional ethis and save your skin.
Recent Topic
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
Related Topics
CAclubindia
