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Presumptive & Non- Presumptive income in ITR-3

10 June 2023

Dear sir, I have manufacturing business and turnover less than 1 crore. I want to show presumptive & Non- Presumptive income in ITR-3, I am registered with GST. it is possible.

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 10 June 2023

Which other income you earn, other than the manufacturing activity?

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Tapas Samadder (536 Points)
Replied 10 June 2023

I also earn commission & brokerage, rent

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 10 June 2023

In that case total income needs to be declared under regular assessment. (Presumptive assessment not eligible).

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Tapas Samadder (536 Points)
Replied 10 June 2023

Thanks 🙏

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 10 June 2023

You are welcome.

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rama krishnan (12239 Points)
Replied 10 June 2023

Manufacturing business can be shown under presumptive and commission business can be shown under non presumptive

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Sanjana Mohanty (100 Points)
Replied 16 June 2023

Yes, it is possible to show both presumptive and non-presumptive income in ITR-3 if you are a registered GST taxpayer and have a manufacturing business with a turnover of less than 1 crore.

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