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Income tax return

ABHIJIT MANNA (ACCOUNTANT) (447 Points)

14 July 2018

a person is a job worker, he wants to file ITR4, so what will be his nature of Business and if he file his return in 44AD, is it complusory to put all details like Capital, Bank A/c because last year in A.y. 2017-18 there was no option in ITR4

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 July 2018

First of Elobrate your query again...

Many more job works in the field... Define the works...

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Deepika Yadav (561 Points)
Replied 14 July 2018

Yes it is compulsory to put the details of capital, bank and cash and also creditors or debtors, if any in ITR 4.

ABHIJIT MANNA (ACCOUNTANT) (447 Points)
Replied 14 July 2018

Job work like stiching, embrodery design, put the stone on sarees

ABHIJIT MANNA (ACCOUNTANT) (447 Points)
Replied 14 July 2018

for example , He has cash, bank and debtors of Rs. 50,000.00 total and nothing others asstes, so what will be his capital amount, it means there will be similar asset and liablity site in ITR4? If I dont put capital amount the ITR will be rejected?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 July 2018

In ITR 4 Cash, Bank, Debtors and Creditors details required as per New Amendment. If You have details E11 to E24 then you can fill the details. If You don't have details then You can leave except Cash, Stock, Debtors and Creditors details and It's value... In case you don't have this 4 details then feed 0*. don't be blank....