Liable to maintain books of account u/s 44aa?
This query is : Resolved
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.'
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.'
27 July 2017
File ITR-4 if you dont maintain books of accounts.
27 July 2017
and I have sold a plot of land during the year and capital gain arise
in ITR 4 there is no option for capital gail.
27 July 2017
Show income u/s 44AD.
27 July 2017
No job work......
27 July 2017
Capital Gain is shown in Capital Gain head only.
18 October 2021
So, File ITR 3 with 44AD option.
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
