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.
CA Suraj Garg & Associates
New Delhi
CA Final
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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ADY & CO.
New Delhi
Graduate (Any)
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
Pro
CAclubindia
