Section 44 ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2013 Dear Sir,

Can you please guide me regarding ITR 4-S for section 44 AD.

Weather Financial Details like Cash, Debtors etc. is compulsory to give in ITR - 4-S or not ?

Because we are filling without giving this details & no validation error occurs.

Thanking you in advance for reply.

Ashish Jain

Ashish Jain (Expert)
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15 June 2013 It is cumpulsary , however you does n't fill any amount it means the figures are nil.

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CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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15 June 2013 It is advisable to fill in the details, its not creating an error because Sec 44 AD is presumptive Taxation provision and taxation is a percentage of Gross Receipts

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Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2013 Ashish Jain Sir can i verify it where it is compulsory ?

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2013 Where it is written that it is compulsory ?