Closing Balances mandatory to be mentioned in ITR 4S?

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    HARDEEP SINGH New Member

    Dear Concerned
    I have started my catering business from last FY i.e from Apr 2013. I have received gross amount of apporx. Rs. 7.5 lac during FY 2013-14 and have earned profit of rs. 2.5 lac apporx. I am doing my business on contract basis and have not maintained accounts books and also have not provided any cash receipt to any of my customer. I want to know that can i file my ITR for AY 2014-15 in ITR 4S form? If yes then is it mandatory to provoide detail of Debtors, Creditors and cash/bank balance while filling ITR?
    Please assist me.
    Thanking You

    Hardeep Singh
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