01 June 2018
One of my client (Individual) has following income: Business Income - 276000 Agricultural Income - 190000 Which option i have to select for filing ITR 3 under question Are you liable to maintain books of accounts as per 44AA? Whether it is YES or NO.
If YES then Can i feel details of BS and P&L under head NO ACCOUNT CASE rather than giving all details of BS and P&L?
01 June 2018
who told you that? you cannot use ITR-4 because of these conditions. 44AD has not such bar!
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 June 2018
I am saying that because of agriculture income exceeds 5000 i can't use ITR 4 as mentioned in ITR 4 template. So i have to use ITR 3 and because of it i can't get benefit of section 44AD. Please correct me if i am wrong?