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No account case

This query is : Resolved 

(Querist)
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.


For commission income you can't file ITR under no account case for this much income.


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