27 July 2017
DEAR SIR I AM A JOB WORKER AND MY GROSS RECEIPT IS 21,00000 AND NET PROFIT I SHOWED 432000 AS I SHOWED MY INCOME ABOVE 8% IN ITR 3(NEW) AND I DO NOT MAINTAIN BOOKS OF ACCOUNT. BUT AT THE TIME OF FILLING OF MY INCOME TAX RETURN THE BELOW MENTIONED ERROR IS APPEARING 'You are liable to maintain books of account u/s 44AA as turnover/profit exceeds allowed limit - Rs. 10,00,000 for turnover and Rs. 1,20,000 for profit.'
CAclubindia
