What amt will be shown in the information of b.s to be provided in itr 4 ..
That is if loss incurred in business I.e. expenses incurred more than 50% .. I.e. what is allowed u/s 44ADA..
Then how the capital will be shown there. If loss incurred there?
By reducing the capital amt by loss incurred in that year or any other way???
When you file ITR 4, you are supposed to declare minimum 50% profit u/s. 44ADA.
No question arises about loss or capital reduction.
If loss.... or capitallized expenditure in first year, file itr 3.
CAclubindia
