professional income is 600000.
other source 200000.
Can he opt for ITR-3??
Is the audit applicable??
Yes, ITR 3 can be used.
May not if PGBP income is equal or more than 50%
4 Replies
Abhishek Pithisaria
(Student)
(150 Points)
Replied 16 August 2017
audit not applicable if pgbp income is more than 50% of gross total receipts?
Nilesh Ranka
(CA- Practice)
(38 Points)
Replied 16 August 2017
Yes, audit is not applicable if you have pgbp income more than 50%, and declare it u/s 44ada
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