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New itr 3 and last yr 4 s

deep1976 (propreitor) (278 Points)

07 April 2017

HELLO ALL

PLS GUIDE ME TO FILL ITR 3 AS I HAVE INCOME STCG FROM SHARES COMMISION AND BUSSINESS PROFESSION SHOP,NOW PREVIOUSLY I USE TO FILE ITR 4S ,THIS TIME I HAVE TO FILE ITR 3 BUT HAVE I TO FILL BALANCE SHEET P & L ALSO OR I CAN FILL NO ACCOUNTS CASE USING PRESUMPTIVE INCOME,PLS GUIDE BCAUSE LAST TIME IT DEPTT SERVED DEFECTIVE NOTICES FOR NOT FILING BS AND PL

REGARDS

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PREPARE BS AND PROFIT AND LOSS A/C AND FILED RETURN

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PREPARE BS AND PROFIT AND LOSS A/C AND FILED RETURN

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Studentsca (CA Practice ) (3577 Points)
Replied 07 April 2017

Approach a Professional and get your return filed by him. Thereafter once you get first hand knowledge then next year onwards do it yourself.

deep1976 (propreitor) (278 Points)
Replied 07 April 2017

THANKS A LOT BUT IN ITR 3 WHAT ABOUT NO ACCOUNTS CASE AND SHOWING PRESUMTIVE INCOME,IT SHOULD HAVE REMOVED THAT SECTION,PLS EXPLAIN WHAT IS THAT SECTION FOR ??

REGARDS

vijayakumar (proprietor) (172 Points)
Replied 11 April 2017

Dear, the no accounts case is for the following guy. YOUR PURCHASE +SALE ADD . aSSUME it is 100 rs. Now if you pay 8 Rs as tax they are happy. This much of profit if any body can get is rare. This is called ITR 4 s ( sugam ==> meaning sugam for Govt ) even then you have give the important figures. ) only difference is you need not keep the account books. There is another clause in which you can pay 4 % of your profit ( either only on sale or on purchase ) but in this case you have to keep books of accounts. Any time you can be called . So forget all these. I am also runninga small proprietory company / have same problem. I suggest you first take the last year ITR 4 form. list out in an excell format , the way they have described. It is different from Tally erp 9 format. Write out all your expenses seperately. Purchase +vat seperately. Do not write the depreciation as the ITR 4 apportonites lastly. The itr4 FORM accounts as SOURCE OF FUNDS/ APPLICATION OF FUNDS. Both should match other wise it will not accept. use the figures of your Tally but try your self first a few times..God less you