ITR 3 AND ITR 4

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Whether it is mandatory to prepare P&L A/c and Balance Sheet and upload it on e-filing site ?
Replies (4)
no, you can select no account case and upload the relevant return on the e-filing portal

Dear Rahul,

 

before advising check whether the person is covered under 44AA or not. 

A Tax Audit is an audit, made compulsory by the Income Tax Act if the annual gross turnover/receipts of the assessee exceed the specified limit. The tax audit is conducted in Sec 44AB of the Income Tax Act by a Chartered Accountant
an individual or a HUF is a partner in a firm AND. where income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, due to, or received by him from such firm.


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