Dear Experts,
In ITR-3- General Schedule- Audit Information, there is a question “Are you liable to maintain accounts as per section 44AA?” I am an individual assessee and the turnover of my business for the last financial year (FY 2019-20) is 30 lakhs and profit is 4 lakhs. Which option should I select for the above question – Yes or No?
Audit u/s 44AB or 92E is not applicable in my case.
CAclubindia
