Liable to maintain books of account u/s 44aa?
This query is : Resolved
27 July 2017
DEAR SIR
I AM A JOB WORKER AND MY GROSS RECEIPT IS 21,00000 AND NET PROFIT I SHOWED 432000 AS I SHOWED MY INCOME ABOVE 8% IN ITR 3(NEW) AND I DO NOT MAINTAIN BOOKS OF ACCOUNT.
BUT AT THE TIME OF FILLING OF MY INCOME TAX RETURN THE BELOW MENTIONED ERROR IS APPEARING
'You are liable to maintain books of account u/s 44AA as turnover/profit exceeds allowed limit - Rs. 10,00,000 for turnover and Rs. 1,20,000 for profit.'
I AM A JOB WORKER AND MY GROSS RECEIPT IS 21,00000 AND NET PROFIT I SHOWED 432000 AS I SHOWED MY INCOME ABOVE 8% IN ITR 3(NEW) AND I DO NOT MAINTAIN BOOKS OF ACCOUNT.
BUT AT THE TIME OF FILLING OF MY INCOME TAX RETURN THE BELOW MENTIONED ERROR IS APPEARING
'You are liable to maintain books of account u/s 44AA as turnover/profit exceeds allowed limit - Rs. 10,00,000 for turnover and Rs. 1,20,000 for profit.'
27 July 2017
File ITR-4 if you dont maintain books of accounts.
27 July 2017
and I have sold a plot of land during the year and capital gain arise
in ITR 4 there is no option for capital gail.
27 July 2017
Show income u/s 44AD.
27 July 2017
No job work......
27 July 2017
Capital Gain is shown in Capital Gain head only.
18 October 2021
So, File ITR 3 with 44AD option.
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