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Presumptive income under 44ad - filed itr3, any problem?

31 August 2019

My turnover is below 2 Crores and showing income above 8% but filed ITR-3 by filling up the section 44AD column and Table 6. Will there be any problem?

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8 Replies

sheela More (student) (343 Points)
Replied 31 August 2019

No. No problem.

5 Like

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Pranav Aggarwal (525 Points)
Replied 31 August 2019

no problem u can show in ITR 3 also declaring PGBP not less than 8% of Gross receipts in cash mode

1 Like

Kapadia Pravin (17259 Points)
Replied 31 August 2019

ITR3 is ok for 44AD business
Hope you filled up correct business code
In BS last item under No accounts case - which required to be filled up

Shivam RC (Student) (23683 Points)
Replied 31 August 2019

No Problem Sir...

ITR 3 is okay for 44AD Business ( Presumptive Taxation Scheme ).

Rajesh Nahar (NA) (79 Points)
Replied 03 September 2019

ok. Thanks everyone for the reply. But there is another problem done by my auditor. He put the wrong turnover figures in the form. What should I do? Should I revise the returns or leave it for now.

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Pranav Aggarwal (525 Points)
Replied 03 September 2019

are u registered in GST??

If yes,then I request you to please revise the return before end of AY.

Rajesh Nahar (NA) (79 Points)
Replied 04 September 2019

Yes, we are registered in GST and Auditor has entered the GST number also in the ITR.

MOHAMMAD YUSUF KHAN (2 Points)
Replied 20 June 2022

But if I filled itr 3 presumptive income, my 4 mandatory financial particular will be shown in no account case. . . . Which is wrong because my last year income is exceeding 2.5 lakh. . . . , please reply. , . What U think