30 July 2022
Our Business turnover is up to 1.20 crore in F.y. 2021-22 and cash receipt & payment is less than 5%. In ITR3 Audit Information what to select Yes / No. Whether aggregate of all amounts received including amount received for sales, turnover or gross receipts or on capital account like capital contributions, loans etc. during the previous year, in cash & non-a/c payee cheque/DD, does not exceed five per cent of said amount?
CAclubindia
