Zen IT || ITR-4 Data Entry Procedure

Flow for Entering Information under Section 44AD, 44AE, and 44ADA for ITR-4 Filing

When filing ITR-4 for presumptive income under Sections 44AD, 44AE, or 44ADA, follow these steps to ensure all mandatory details are entered accurately in the designated sections:

1. Business & profession head

2. ITR 4 Balance sheet 

3. Nature of business

1. Business & Profession Head:

To provide details under the Business and Profession section:

Business u/s 44AD:

To feed business income under Section 44AD (Presumptive Taxation for Small Businesses) in the software, Click Here and follow these steps.

Business u/s 44ADA:

To Feed Business Income under Section 44ADA in the software, Click Here and follow the steps.

Business u/s 44AE:

To Feed Business Income under Section 44AE in the software, Click Here and follow the steps.

2. ITR 4 Balance Sheet:

Step 1:

Go to Transaction → Business and Profession Head → ITR-4 Balance Sheet.

Step 2:

Fill in the required fields based on your Financial details and Then Click on Save Button.

Alert: In the case of presumptive income and any other income that requires filing ITR-3 instead of ITR-4, do not fill out the ITR-4 Balance Sheet.

For Feeding the Balance Sheet in the Case of Form ITR-3, Please Follow the Process Below:

Step 1:

Go to Transaction >> General Information/ BS/ P&L >> Balance Sheet:

Fill in the required fields based on your Financial details in Point Number 6, and then click the Save button.

3. Nature of Business:

1. Go into Transactions → Filling information → Nature of Business:

2. Select the Applicable Nature of Business:-

Choose the relevant Nature of Business based on your presumptive income section:

i. Section 44AD: For small businesses opting for presumptive taxation.

ii. Section 44AE: For transporters with up to 10 vehicles.

iii. Section 44ADA: For professionals like doctors, engineers, architects, etc.

3. Enter Mandatory Details in the Nature of Business Table:

i. Code.

ii. Description.

iii. Trade Name.

iv. List.

Note: If you are facing any difficulties selecting the nature of business, you can access the help file provided above for the nature of business table, titled "Nature of Business Help."

Computation:

After generating the computation, the form will display which form is applicable (ITR-3 or ITR-4). If it shows ITR-3 instead of ITR-4, Click here and follow the process.

Hope This Helps.

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