Balance sheet prepartionin itr 3
This query is : Resolved
09 July 2018
I have a client who has income from share trading as well as from future and option trading , as from internet we got that he need to file itr3 .
my doubt is that is balance sheet mandatory in itr3 if his income is below 7 lakh.
my doubt is that is balance sheet mandatory in itr3 if his income is below 7 lakh.
09 July 2018
In case of business when income is expected to be > Rs 1,20,000 or sales/turnover/
gross receipts are >Rs 10,00,000 books of accounts are to be maintained. If that be
your case, ITR 3 has to be filed for which balance sheet is required.
gross receipts are >Rs 10,00,000 books of accounts are to be maintained. If that be
your case, ITR 3 has to be filed for which balance sheet is required.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Traces Portal
- Cheque bounce intimation letter
- RD1 approval
- Minor - PPF Rules Doubt
- TDS ON SALE OF JOINTLY HELD PROPERTY
- U/s.234E late fee- balated filing the TDS returns
- Unable to login
- Form 121 of income tax
- Tax on selling redeveloped resi property
- Turnover limit regarding Proprietorships and coverage in limit of 60 Audits
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
