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ITR3 Audit Section 44AB

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Nisha Kathuria

Accountant

240 Points Posted on 08 November 2023

Sir,

please educate to me. May be I am wrong.

Turnover Rs.1.95Cr. NP 9 Lacs. audit done under section 44AB from CA.
but while filling ITR3 Service provider mention.

Are you liable to Maintain books of accounts section. 44AB ( he mention NO)
He filed ITR3 and still under processing. when I ask to him we already Maintained books of accounts so we mention YES he told me I know what I did it's not your business.
Please suggest

Replies (2)

Quick Summary

This discussion addresses a taxpayer's query regarding the ITR3 filing and the applicability of Section 44AB for audit purposes. The taxpayer, a transporter with a turnover of Rs 1.95 crore, had their audit done under Section 44AB but is unsure why their service provider marked 'NO' for maintaining books of accounts, potentially to avoid extra ITR3 details. Another transporter with a Rs 2.5 crore turnover seeks clarification on filing under Section 44AE.