where to disclose advances received from customers in ITR 4. when we enter negative figure, it got rejected by ITR 4 software. pls. resolve this query. thanks.
4 Replies
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 19 March 2014
Dear Tejas
You can adjust it in main head say if the amount is going to paid shortly in future then show it with your current liability.
Regards
CA Surendra Bhatt (ACA,DISA)
(Chartered Accountant)
(281 Points)
Replied 19 March 2014
There is no specific line item for the same. You may show it under the Current Liability or reduction from debtors.
Girish C Gaikwad
(Chartered Accountant)
(55 Points)
Replied 19 March 2014
Net debtors should be shown.
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