Income shown under section 44AD
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2011
Please let me know how the sheets of PL and BS be filled up in ITR4 in case assessee wants to avail section 44AD.
14 March 2011
In ITR 4,
You may fill up information required
in the manner provided as under
Under Part A-BS item no 6, No Account Case :
a Amount of total sundry debtors
b Amount of total sundry creditors
c Amount of total stock-in-trade
d Amount of the cash balance
Under PartA-P&L Item No 51
a Gross receipts
b Gross profit
c Expenses
d Net profit
In the above you may directly fill up gross receipts and net profit- leaving gross profit and expenses.
You may fill up information required
in the manner provided as under
Under Part A-BS item no 6, No Account Case :
a Amount of total sundry debtors
b Amount of total sundry creditors
c Amount of total stock-in-trade
d Amount of the cash balance
Under PartA-P&L Item No 51
a Gross receipts
b Gross profit
c Expenses
d Net profit
In the above you may directly fill up gross receipts and net profit- leaving gross profit and expenses.
08 April 2011
Hi,
Agreed with Expert, by filling the above required details, it will be sufficient for the purpose of Filling ITR 4.
Thank you,
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons, ITF Hons
Agreed with Expert, by filling the above required details, it will be sufficient for the purpose of Filling ITR 4.
Thank you,
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons, ITF Hons
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2011
In the software provided by IT Department, the figure of Net Profit is balancing figure and cannot be filled by user. How to fill this without filling gross profit or expenses.
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