I have filled return for partnership firm in fy 2018-19 under 44AD. Can I show income below 6% ( Turnover is less than 50lakh) in ITR 3 for FY 2019-20.
Thanks
Menu
ITR 19-20 FOR income below 6% & turnover below 1 crore
Replies (2)
If you show profit less than 6% of turnover then tax audit will be applicable
Minimum 6% (digital turnover) and 8% (cash turnover) you need to declare to take benefit of 44AD
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
