Income tax return 4 financial year 2017

This query is : Resolved

Mudit (Querist)
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25 March 2018 Should we mention details of debtors, creditors and cash detail in Itr 4. If we do not then wat will happen..

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 March 2018 Can expect notice stating the return as defective.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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26 March 2018 You can fill details in non account case. But if you dont give this details, return is considered as defective return.

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RAJA P M

RAJA P M (Expert)
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26 March 2018 No need if it's AY 17-18 as ITR 4 is presumptive taxation scheme. No need to details as above...

Mudit

Mudit (Querist)
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26 March 2018 Sir, I was taking for the A.Y 17-18. Do we really need to mention b/sheet details in that....

Mudit

Mudit (Querist)
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26 March 2018 Sir,I was talking about a.y 17-18. Do we really need to mention b/sheet details in that....

Mudit

Mudit (Querist)
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26 March 2018 Sir,If we do not mention details of debtors and creditors then would it be considered as nil....

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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26 March 2018 You have to mention it compulsorily ........

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RAJA P M

RAJA P M (Expert)
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27 March 2018 Yes...
It's considered as Nil. You can fill just 0...

RAJA P M

RAJA P M (Expert)
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27 March 2018 Dear CA Rashmi Gandhi.,
In ITR 4 (AY 17-18) how to its compulsory for Debtors, Creditor, Stock and Cash details?
This return is Presumptive taxation scheme or No books of Accounts cases. Then Why we will feed the details. It's not must in the column... We can just fill it 0...

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 March 2018 I receive defective notice u/s 139(9) once on not filing all this. If you have filed return with nil figure without notice then mudit can do so.