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44ADA return itr3

Vineet (MBA) (77 Points)

08 September 2018

Is the following itr3 return technically OK & not defective?

1. Liable to maintsin accounts u/s 44AA - Yes

2. Liable to audit u/s 44AB - yes

3. Detailed PL & detailed BS filled.

4. Professional income specified u/s 44ADA in Sch BP as less than 50% of gross receipts.

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177840 Points)
Replied 08 September 2018

OK, but file tax audit report......

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Vineet (MBA) (77 Points)
Replied 08 September 2018

Sir what if point 4 income u/s 44ADA, is not filled? Is it necessary to fill?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177840 Points)
Replied 08 September 2018

Not applicable in your case, as you have not declared income under any of those sections.

Vineet (MBA) (77 Points)
Replied 08 September 2018

Sir yes of course, tax audit report has to be included. And to answer you, it is a doctor's return. I did not understand your point clearly. Please have a look at my original question again & tell me if it looks OK & not defective - The representation of professional income. Is it correct?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177840 Points)
Replied 09 September 2018

I repeat, you have not declared income u/s. 44ADA, but in normal case, by filling P&L sheet. So in Schedule BP sr. no. 1 is auto-filled. No need to fill anything in sr. 4 or 36. If so, no defect......