A proprietor has following details:- Capital.........................70000 Profit and Loss.................50000 Total...........................120000 Bank balance....................20000 Cash............................20000 Current account..................80000 Total ...........................120000 Current account is nothing just amount withdrawn for personal use which is to be adjusted against capital account at the end of the year after transferring profit and loss account to capital account. Profit and loss a/c dr.............50000 Capital account.....................50000 now capital becomes 100000 Capital account dr...............80000 Current account...................80000 Closing capital=70000+50000-80000=40000 My query is in ITR-4 how much capital is to be shown Rs.70000 or Rs.40000