professional income is 600000.
other source 200000.
Can he opt for ITR-3??
Is the audit applicable??
Menu
44ADA & 44AB applicability
Replies (4)
Yes, ITR 3 can be used.
May not if PGBP income is equal or more than 50%
audit not applicable if pgbp income is more than 50% of gross total receipts?
Yes, audit is not applicable if you have pgbp income more than 50%, and declare it u/s 44ada
thanks sir...
Recent Topic
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
- LTCG Tax Liability even after 100% LTCG set off wi
- ITR RETURNS
- Gold Mining
- Sale of share
Related Topics
CAclubindia
