MY CLIENT IS EARNED LIFE INSURANCE COMMISSION 1845000, 5% TDS DEDUCTED, HERE CAN I MAINTAIN BOOKS AND CAN I FILE ITR 3 ONLY? RATHER THAN 44AD, IN PROFIT AND LOSS ACCOUNT CAN DECLARE MORE THAN 8% PROFIT AND PREPARE BALANCE SHEET, FILE ITR 3 FORM PLEASE GIVE CLARIFICATION IN THIS REGARD URGENT
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Books maintained and form
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Yes, Correct.
You have to file ITR3 (AY 2017-18) with complete details like P&L and BS, and declare 8% or more net profit.
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