Reg ITR 3 FILING AND 44 AD INCOME

This query is : Resolved

Mayur Shah (Querist)
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25 December 2020 i have calculated income under presumtive under 44 AD of the total tunover of say 4300000 lacs including gst @ 7 % (as all receipts are from banking transaction ) on higher side.

But actual profit is more that that. KIndly advise while filing ITR 3 ( as there is income from house property and salary also) how to show this income .

Mayur shah

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 December 2020 Fill salary schedule and house property schedule of ITR 3. You can show lesser profit of 7% than actual no problem,

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