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itr 4 query

20 July 2019

how to bifurcate debtors creditors in itr 4 of small wholesaler of hardware who does not maintain books of accounts with annual turnover of 3 lakh...?

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4 Replies

NIKHIL N PATIL (Student CA Final ) (26 Points)
Replied 20 July 2019

If possible give near about amount..

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Robin Ghosh (74 Points)
Replied 20 July 2019

or you can give 0
because not maintain books 0f accounts

foram ghiya (80 Points)
Replied 20 July 2019

agreed sir...but can plz guide as to I just his bank statements wherein receipts and payments of parties reflected...rest I don't hv anything...where can I get those outstanding figures?

ABHIJIT MANNA (ACCOUNTANT) (447 Points)
Replied 20 July 2019

Then u have to short out figure from your bank statement and see if there are any pending amount from your party which was reflected in your statement and file as actual.