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Section 44ad

ranjitkarmakar (service) (306 Points)

02 February 2013

Respected Seniors

Is it compulsory to disclosed SUNDRY DEBTORS, SUNDRY CREDITORS, CASH & BANK BALANCE DURING FILLING ITR 4S UNDER Section 44AD of assee on Income Tax Return.

Please confirm me

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8 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 02 February 2013

YES IF YOU CANT FILL ANY DETAIL THE RETURN CANT FILED

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Pakshal Shah (Practicing Chartered Accountant) (271 Points)
Replied 02 February 2013

No. I myself hav uploaded d return widout filling those details and hav successfully completed the assessment without any errors.

ranjitkarmakar (service) (306 Points)
Replied 02 February 2013

Thanks Pakshal Jee,

Thanks for your reply, Are you sure during File ITR 4S (44AD) only I have to disclose my total turnover and Profit 8% of turnover only. No need to disclose Sundry Debtors, Creditors and cash balance

vishwanath ( ) (46 Points)
Replied 02 February 2013

there is no need to disclose details regarding sundry creditors cash etc u have to just mention the gross income figure and profit @ 8% and file the return accordingly