17 October 2011
Are we supposed to fill the details of profit & loss a/c and Balance Sheet in ITR- 4 if we have shown profit as per Sec 44 AD and also there is Short term Capital Gain???
17 October 2011
In case you have shown income under sec 44 AD and 44AE, you are not required to fill profit and loss a/c and balance sheet. However in respect of balance sheet, you have to fill amount of debtors, creditors, cash in hand and stock in trade and in case of profit and loss a/c turnover or gross receipt, gross profit, indirect expenses and net profit.
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