20 July 2023
sir, I am running internet center's as well as I will book train, bus tickets, money transfer & apply for jobs, I have multiple bank accounts and total credit is above 80,00,000 in my bank but actually I am having less profit, How much profit i can show and so that which itr form i have to select and under what code it be shown.
20 July 2023
File ITR 3. Maintain books of accounts. Declare the actual profit as per financial statements derived by auditors. You may be required to audit your books if the aggregate turnover is more than 1 Cr. with cash transaction more than 5%.
CAclubindia
