Hii everyone,
Someone has Gross receipts during the FY 19-20 is Rs 12,00,000/- . He doesn't want to file ITR u/s 44AD if he will file his return in normal provision than is it ok to go with ITR 3 ..? OR he has to upload Tax audit report also...?
pls confirm
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Tax Audit applicability or not
Replies (4)
Yes you can file return in form 3 without filing of audit report but you have to report atleast 8 % of net profit and atleast 50% for the service provider professionals.
He doesn't want to declare excess income he has expenses more than it
what if than...?
what if than...?
Then he have to get his accounts audited under section 44AD.
Need to upload tax audit report...?
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