Regarding 'nature of business/profession code' for ay 2018-1

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Amitabha Das (Querist)
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26 May 2018 Sir,I'm a self employed MBBS doctor.I earn by visiting patient in different chamber run by other persons.Sir what will be the code for myself as a self practising mbbs doctor in 'nature of business/profession' for ay 2018-19 under 44ada?Previously it was as 0604-medical professionals. Will it be '16019-other professional services n.e.c' or '18010-Medical clinic's or '18017-Other healthcare service's? Please help sir.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 May 2018 this is really horrible. It seems that just forgot to mention allopathic practice. you may use 18017 since you are not running your own clinic.

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Amitabha Das

Amitabha Das (Querist)
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27 May 2018 Thanks.Further I want to know what to be filled at financial particular of the business i.e from E11 to E25 as a professional.As I've earnings from professional income,no business;then what to be filled at 'partner/members capital,fixed asset,other assets etc.Can PPF(Public provident fund) to be shown as other assets ?Please enlighten in these regards.Thanks.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 May 2018 you are filing ITR - 4 right?

Amitabha Das

Amitabha Das (Querist)
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28 May 2018 Yes sir,i will file itr-4 under 44ada.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 May 2018 then follow the Note at the bottom of page 3 and fill in only those details that are readily available with you. Ignore the rest.

Amitabha Das

Amitabha Das (Querist)
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28 May 2018 Sir,thanks again.But in Itr-4 java/excel utility it has been said that only four items(E15-Sundry creditor,E19-Inventories,E20-Sundry debtors,E22-cash in hand) mandatory.But in online itr-4,there is no such instruction.Assuming that I put figure '0' in those four mandatory filled;but what will be the in case of E21-balance with bank.It is not to be written as '0'.If I put total balance with bank amount in this filled, then what to be written on capital(E11) and total capital/liability side(E17).Further sir,can I show total balance with bank(for example-Rs 100000/-)in E21 and PPF amount(for example-Rs 161000/-as on 31/03/18) in E24 as other assets and these total eg Rs 261000/- can be put as Total assets in E25 and also this amount can be shown as inPartners/Members own capital(E11) and in E17 asTotal capital and liability.Please guide me sir.