No account case


(Querist)
25 August 2019
I have income of 5lacs from commission as Lic agent and net profit is 350750.
Am i require to prepare mandatorily balance sheet and p&l or can i put data under "no account case".
Please let me know in what case i can file under no account case.


CA R SEETHARAMAN (Expert)


Click to Talk 26 August 2019
For commission income you can't file ITR under no account case for this much income.


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