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ITR 3

FAHEEM AKRAM (293 Points)

15 July 2018

please guide me how to file ITR3 without tax audit and what should be kept I my mind to avoid tax audit for ITR3

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3 Replies

CA Sunil Kumar (Chartered Accountant) (4524 Points)
Replied 15 July 2018

If you have maintained BOA then fill balance sheet and profit and loss account. If BOA not maintained then select the option BOA not maintained and fill only required details. Tax audit is required when turnover exceeds 1 crore.

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RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 15 July 2018

Yes... I agreed to Mr CA Sunil Kumar...

Better to Show profit above 8percentage...

FAHEEM AKRAM (293 Points)
Replied 15 July 2018

what is better 44AD or fill Balance sheet and profit and loss account?
if I maintain BOA and also Above 8% of my profit show we should file ITR 3???
we will be shown above 8% profit in ITR 3???