banner_ad

Tax Audit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 January 2021 Dear Sir,
An Assessee having a Proprietorship business of Medicine Shop and his turnover is Rs. 1.20 Crores and Net Profit is above 8% and so he is not required for Tax Audit, but his CA by mistake has filed Tax Audit Report i.e. Form 3CB, 3CD for A.Y. 2020-21 and now the Proprietor does not want to file Audited ITR -3 and he wants to file ITR - 3 with no audit case. Is it possible to do so as 3CB 3CD has been uploaded in the IT Portal.

Thanks,
Abhishek
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
12 January 2021 Tax audit applicable in case he is not eligible to opt for 44AD as turnover exceed 1 crore.
If he has opted out of 44AD during the previous years he can't opt back till completion of 5 years.
If he is eligible for 44AD option file ITR 4 revised return opting 44AD.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details