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Financial particulars of the business in itr4

Manu (Mr) (132 Points)

14 June 2018

What information should i fill in "Financial particulars of the business" in itr4

I dont have any data for those fields (E15 , E19, E 20, E22) and it is mandatory to fill those fields in latest itr it gives error when clicked on submit.

Please give your advice.

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12 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177716 Points)
Replied 14 June 2018

If you have any real figures of creditors & debtors. fill that otherwise fill '0' in fields E15 & E20

Invetories, or stocks. must be some figure !!! or else fill '0' in E19, also.....

But cash in hand cannot be zero....... fill some figure as per your experience in the business....

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Manu (Mr) (132 Points)
Replied 14 June 2018

Thanks for your responce.

From where can i get the data for cash in hand? All income has been recieved digitally with zero cash income.

Can i put zero in that field will it be ok?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177716 Points)
Replied 14 June 2018

No.

Some of your business expenses require petty cash....... so '0' will be unrealistic figure...

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Manu (Mr) (132 Points)
Replied 15 June 2018

Thanks for your response.

Could you please give me a simple definition of cash in hand. Also do i have to add the amount of cash in hand to the total income?

If i leave the other fields as 0 will there be can chance of receiving a defective notice?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177716 Points)
Replied 15 June 2018

1. Here, 'cash in hand' means ..... money and notes, kept to pay small/sundry amounts but not deposited in the bank.

2. If any income received by cash, you have to add, otherwise no.

3. No.

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Manu (Mr) (132 Points)
Replied 15 June 2018

Thanks for your response.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177716 Points)
Replied 16 June 2018

My Pleasure ...

ramu (Private employee) (22 Points)
Replied 19 July 2019

Hi, I am filing ITR 4 presumptive income as I did some transactions in f and o. There is no business for me do I need to fill cash in hand and other particulars. It would be great help for me if someone replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177716 Points)
Replied 22 August 2019

@ Ramu: No need. You can fill '0'.

sujata jaiswal (2 Points)
Replied 29 September 2020

Hi..i am a teaching professional, filling Financial particulars of business in itr4 , i am just filling bank balance and cash in hand only and in other options i fill 0 including E11 then there is mismatch in total capital & liabilities ( E17) and total assets ( E25), will there be any problem ?

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