SIR
ASSESSEE HAS TURNOVER OF RS. 80.00 LAC IN TRADING BUSINESS AND HAS RECEIVED COMISSION OF RS. 40.00 LAC FROM OTHER BUSINESS. THE QUERY IS -1. IF AUDIT IS APPLICABLE BECAUSE TURONVER HAS CROSSED 1.00 CRORE. OR
2. INCOME CAN BE DECLARED UNDER 44AD FOR TRADING BUSINESS AND FOR COMISSION INCOME BOOKS ARE MAINTAINED. AND ITR 3 CAN BE FILED WITHOUT AUDIT.

DEAR SIR,

ONE OF MY CLIENT IS PARTNERSHIP FIRM ITS TURNOVER LESS THAN 10LAKHS MEANS 6,77,892/- IN THIS SITUATION SHOULD WE FILE TAX AUDIT U/S 44AB, BECAUSE ONE OF MY CLIENT IS ITS PARTNER HIS IT RETURN SHOULD BE FILED, BUT THE FIRM DID NOT FILE ITR NOW CAN WE FILE AFTER FIRM'S ITR FILING THE INDIVIDUAL SHOULD BE FILED BEFORE JULY

WHAT TO DO

REGARDS

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