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ITR 4 for Professionals

Gauri Shanker Lal Srivastav (218 Points)

18 August 2018

which field is mandatory to fill in column BP of ITR 4 to file presumptive income return of professionals.ls bank balance and cash in hand is sufficient ?

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11 Replies

(Guest)

Yeah you can.. Fill all details which is you having

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Debiprasad Jana (295 Points)
Replied 18 August 2018

bank balance is not mandatory. cash in hand is mandatory. others you can put zero. remember you have to fill 4 blank box. sundry creditors, sundry debtors, inventories, cash in hand.
in the case of professional income you can put your gross fees or turnover and net profit under the section 44ADA.

Gauri Shanker Lal Srivastav (218 Points)
Replied 18 August 2018

but how we can fill inventories for professionals.It is given in trading case.An advocate take fee and file the petition.In such cases what will be sundry credit or debit.
please clarify it.

Debiprasad Jana (295 Points)
Replied 18 August 2018

You r right. but if you do not fill those 4 box. return will not upload.

SHIRISH S S (Proprietor) (1030 Points)
Replied 18 August 2018

I have filed my ITR-4 for professional u/s 44ADA. I have put 0 and uploaded.

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(Guest)

You can put zero in that case

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 18 August 2018

Originally posted by : Gauri Shanker Lal Srivastav
	but how we can fill inventories for professionals.It is given in trading case.An advocate take fee and file the petition.In such cases what will be sundry credit or debit.please clarify it.

It's mandatory means We can't leave without figures (Blank).

But., We can fill 0... You will fill 0.

1 Like

Harish (Teacher) (6 Points)
Replied 29 August 2018

I am a freelancer/teacher. So, for cash in hand (E22), do I need to put my bank balance or zero (because it is for business?)?? Please help. Thank you!

Harish (Teacher) (6 Points)
Replied 29 August 2018

I am a freelancer/teacher. So, for cash in hand (E22), do I need to put my bank balance or zero (because it is for business?)?? Please help. Thank you!

Harish (Teacher) (6 Points)
Replied 29 August 2018

I am a freelancer/teacher. So, for cash in hand (E22), do I need to put my bank balance or zero (because it is for business?)?? Please help. Thank you!