01 February 2022
Assessee is proprietor. She has 3 firms. 1st: Professional income from Company Secretary practice. 2nd: Business of supplying workers, who are on firm's payroll, to engineering sites 3rd: Trading in agricultural products like Mangoes, Mango Pulp.
In ITR3, Considering she has 3 different businesses having 3 different GST numbers, Whether Section 44AA should be set to Yes? Whether Section 44AB should be set to Yes? Whether all business codes should be shown? or Only one of the above should be shown?
While uploading ITR3, getting Schema Error relating to nature of business section and general section. Error message is in java language and hence, unable to understand fully.
01 February 2022
1st. Opt for 44ADA. Income less than 50 lacs. 2nd and 3rd combining business opt for 44AD and declare 8% profit, turnover less than 2 crore. Download latest ITR filing software. Tax audit not applicable. 44AA set No. Select 3 business code.
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