Itr-4s

Tax queries 471 views 1 replies

ITR-4S (Presumptive Income Tax Scheme)

E7 of Schedule BP ie. Total Amount of Sundry Debtors & 

E8 of Schedule BP i.e Total Amount of Sundry Creditors 

Should the Total Amount of the above Sundry Debtors/Creditors include Debtors/Creditors for Loans & Advances also.

Thank you

Replies (1)

No. only the advances given for the purpose of supply of material or services need to be considered


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