E21. Balance with banks Column

[the-techie]

ITR4 - ADA, Inside Disclosure Exempt Income Page, Under Financial Particulars of the Business, there is a mandatory field “E21. Balance with banks” what we need to fill there. I am a Freelancer who don’t matain books of accounts both Personal and Business Ralated payments are held in the same SAVING ACCOUNT. So, I need to put cumulative balance gathered over the years or just for particular financial year.

I have another bank SAVING BANK Account so I will need to fill Balance of ALL the Savings Accounts or Saving account involved for Business purpose only ?

[Aashok-FC-Advisory]

The closing bank balance as of March 31 of the relevant financial year, not a lifetime cumulative total.The balance of the active savings account used for business operations/receipts should be disclosed. If personal and business finances share that single account, report that account’s year-end balance.