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44ADA AND STCG - WHICH ITR TO BE FILED

ITR 278 views 11 replies

Tushar Bhatt

1 Points Joined July 2021

Sir Can anyone guide me when I have professional income showing income u/s 44ADA and STCG during the financial year 2021-22...which ITR to be used and how to show details of income from profession u/s 44ADA.

This error is shown in ITR3.

Can I show my income in no account case.?

Replies (11)

CA Aakarsh Jain

10436 Points Joined March 2019

Check your inbox

CA Rashmi Gandhi

Chartered Accountant

86505 Points Joined April 2011

You have to get your accounts audited if receipted are more than Rs 5000000

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

If it is profession then the tax audit limit is 50lakhs .

You must file through ITR-3 only

CA Rashmi Gandhi

Chartered Accountant

86505 Points Joined April 2011

You are opting 44ADA that means it is professional income and it is clearly showing in error that your turnover is above 50 lakhs. So you have to compulsorily get your accounts audited.