Income tax return of professionals.

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Rajeev Kashyap (Querist)
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07 March 2015 Hello. I want to know that while filing the income tax return of a doctor(professional) whose total receipts in an year are less than Rs. 25 Lakhs ,is it compulsory to fill the balance sheet & profit & loss account?
Can we fill the return in Form No 4S , displaying income on presumptive basis?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 March 2015 For professionals presumptive basis is not applicable, hence form 4S can't be filed.
Books of accounts has to be maintained as per section 44AA. So Balance sheet and P&L is to be filled.