Necessity to fill profit & loss a/c for insurance agent
This query is : Resolved
Sudhanshu Shekhar
(Querist)
13 July 2018
is it necessary to fill P/L account and Balance sheet in ITR 3 for an insurance agent with turnover of 402000.
he wants to claim expenses of 105000 from 402000.
or he can go with the option for indivisuals not keeping proper books of account.
he wants to claim expenses of 105000 from 402000.
or he can go with the option for indivisuals not keeping proper books of account.
Kailas Mate
(Expert)
14 July 2018
Go with ITR 3.Fill PL and BS with claiming all expenses.
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