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filing of ITR 4

Aashish R (Chartered Accountant) (76 Points)

28 October 2007

If a proprietor has 4 different business and all of them comes under Tax Audit then how ITR 4 is to be filled because it gives space for writing Balance Sheet & P&L account of only one business.

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8 Replies

(Guest)

You can add extra sheet for each business or if you are using software then there is space for filling different business

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manoj (student) (93 Points)
Replied 29 October 2007

you have to consolidate the balance sheet & p/l a/c of all the business,however u have to write the trade name of all the business in coloum provided in ITR 4

CA.Saibaburao Nanduri (Chartered Accountant) (3847 Points)
Replied 29 October 2007

Dear aashish ! Prepare consolidated proft and loss account and Balance Sheet and fill the data. Software Engineers, who are not aware of such problems, prepared the the software. Let us hope, such problems shall be rectified in the next year.

SURESH KABRA (chartered accountants) (121 Points)
Replied 29 October 2007

dear, CONSOLIDATED THE SAME AND AFTER FILL, IN CASE OF FILIING OF AUDITOR, MAIN BUSINESS AUDIR NAME FILLED

NANDURI RAVI SURYA NARAYANA MU (ACCOUNTANT) (194 Points)
Replied 29 October 2007

no books of account case can the assessee having control on cash at hand at the end of the year ending

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Vijay K. Agrawal (Service) (608 Points)
Replied 29 October 2007

ITR is to be filed up assesse wise not no. of business place wise. pl fill consolidated figure

NANDURI RAVI SURYA NARAYANA MU (ACCOUNTANT) (194 Points)
Replied 30 October 2007

you can consolidate all the the business incomes and go through file the itr-4

G K Agrawal (Director) (29 Points)
Replied 05 June 2011

Question = In No account case you have to give debtors,creditors,cash balance and stock. Does it mean that these figures are to be given for presumptive business alone or a consolidated figure for other heads of income too such as HP, Other sources, salary etc added and consolidated with presumptive business.