FnO trader is liable for audit u/s 44AB.
What should be filled in Quantitative details in Form 3CD.
Similarly, what should be filled in schedule for Quantitative details in ITR3. This is mandatory schedule for those under audit.
Lila (Job) (491 Points)
25 September 2020FnO trader is liable for audit u/s 44AB.
What should be filled in Quantitative details in Form 3CD.
Similarly, what should be filled in schedule for Quantitative details in ITR3. This is mandatory schedule for those under audit.
Lila
(Job)
(491 Points)
Replied 05 October 2020
Can someone reply to our below query:
FnO trader X is liable for audit u/s 44AB. So, what should be filled in Quantitative details in Form 3CD.
Similarly, what should be filled in schedule for Quantitative details in ITR3. In ITR 3, this is mandatory schedule for those under audit. At both the places, it is mentioned that it is mainly for traders / manufacturers etc, but at the same time mentioned it is mandatory
Also, In case we file return without quantitaive details, is 3CD and ITR going to be rejected/ treated as if with defect?
Guidance for this will be appreciated.............
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