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.
Menu
44ADA return itr3
Replies (5)
OK, but file tax audit report......
Sir what if point 4 income u/s 44ADA, is not filled? Is it necessary to fill?
Not applicable in your case, as you have not declared income under any of those sections.
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?
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......
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
