ITR 4 presumptive taxation investment

[Shan S]

does the personal land and building investment and inherited property from parents also needed to be included in ITR 4 for presumptive taxation.

and also bank balance savings accounts also for 44ada professionals or only current account balance as on 31/3/2026 to be reported

AI Summary

ITR 4 presumptive taxation disclosure asks whether personal property and savings balances must be reported for professionals. Compliance under ITR 4 presumptive taxation is queried in relation to disclosure of personal assets and bank balances. The issue raised is whether land and building held as personal investment, inherited property received from parents, and savings account balances must be reported in the return for a professional opting for section 44ADA, or whether disclosure is confined only to the current account balance as on the relevant year-end date.