ITR3 of AY2023-24
This query is : Resolved
Ganapathy Nagaraja
(Querist)
04 July 2023
Income less than 50% gross receipt and audit information is not filled up.How to rectify it
04 July 2023
For any person carrying on a profession as specified under sec. 44AA(1) IT act, if the gross profit is less than 50% of gross receipts, then audit u/s. 44AB(d) IT act is mandatory.
So, either file audit report or declare minimum 50% profit.
So, either file audit report or declare minimum 50% profit.
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