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

Presumptive taxation disclosure under ITR-4 includes all owned assets and bank balances when the reporting schedule applies.
Under presumptive taxation in ITR-4 for a professional covered by Section 44ADA, asset and liability disclosure, where applicable, is separate from the relaxed books-of-account regime. If the disclosure schedule is triggered, all assets owned as on 31 March 2026, including self-acquired land and building, inherited property, and specified assets such as shares, vehicles, jewellery, and bank balances, should be considered. Bank balance reporting is not limited to a current account; savings accounts, current accounts, fixed deposits, and other bank deposits are also relevant.