ITR-4 Filling Procedure

ITR-4 Filing Procedure

A flow is being suggested for entering the information under section 44AD, AE, ADA Business in case of ITR 4 filing

Information is required to be filled under the following sections:
  1. Balance sheet
  2. Profit & loss account
  3. Business & profession head
  4. Nature of business

1. Steps to be followed: For Balance sheet

In case of  44 AD / AE OR ADA following columns as highlighted in the screen shot below are required to be filled in the Balance Sheet.

Note : Mandatory fields for filing ITR-4

2. Steps to be followed: For Profit & Loss account

Note: There is no option provided to enter details in the P&L by the department in ITR 4. Hence, there is no requirement to feed the P&L in the software.

3. Steps to be followed: For Business and profession head

Go into Transactions Business and Profession Head  →  select point 6 /7 /8 according to your Business

Note: Do not enter any data in point 1 (Add/ Modify) tab

4. Steps to be followed: For Nature of business

Go into transactions  →  Filling information  →  Nature of business

Here, the nature of business has to be selected according to your presumptive section, either falling under 44 AD /AE or ADA

In the Nature of business table, following mandatory points are required to be entered: 
  1. Code
  2. Description
  3. Trade Name
  4. List 

Note: If you are facing any difficulties to select the nature of business then you can access the
help file given above for the nature of business table in the name of "Nature of business help".

    • Related Articles

    • Guidance for Filing ITR-7 for Section 11 (Trust Registered u/s 12A/12AA)

      Guidance for Filing ITR-7 for Section 11 (Trust Registered u/s 12A/12AA) Charitable Institutions which are registered under section 12A/12AA   of the Act can claim exemptions under section 11 of the Act when conditions are become fulfilled. While ...
    • File ITR-3 in the software for AY 2020-2021 Using Different Cases/Scenarios

      There are three major scenarios while filing ITR-3 in the software : 1st Case: If the user has only one business, then he is required to provide the details of his profit and loss ration under the respective business head (Ordinary, Speculation or ...
    • CO-Operative Society ITR Selection Procedure

      ITR Selection procedure in case of Co - Operative Society The Income Tax Auditor has provided the option, to select either ITR- 5 or ITR - 7 in case the status of the client is Co-operative Society. Certain check points where the user can decide ...
    • How to register as a Legal Heir on behalf of deceased to do e-filing?

      User should register as a legal heir to do e-filing on behalf of deceased.Following are the steps for registration as legal heir : Step 1: LOGIN to e-filling application and go to "My Account > Register as Representative".              Select Request ...
    • Evaluation period has expired while undertaking ITR e-filing

      This message appears for one of the following reasons: Reason 1 : Client Limitation Exceeds Reason 2 : Software Registration or Renewal Pending. Reason 3: Proper LAN Settings Firstly, Check the client creation limit of the Spectrum software.  To do ...