30 August 2022
Dear Sir/Madam, Tax audit of a professional has been conducted u/s 44AB(d) - Profits and gains lower than deemed profit u/s 44ADA. Form 3CB-3CD has also been filed. While validating his ITR-3 for the A.Y. 2022-23 for submission, error comes up and asks to select the method of valuation of closing stock for raw material & finished goods in Schedule OI. I do Seek solution from the expert minds as this is not required for professionals. With best regards, KRG