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.'
CA Rashmi Gandhi
(Expert)
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.
CA Rashmi Gandhi
(Expert)
27 July 2017
Show income u/s 44AD.
CA Rashmi Gandhi
(Expert)
27 July 2017
No job work......
CA Rashmi Gandhi
(Expert)
27 July 2017
Capital Gain is shown in Capital Gain head only.
18 October 2021
So, File ITR 3 with 44AD option.
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