Bo account case in ITR-3

Sir, I have received the following figures from an individual businessman for filing of itr for the fy 19-20

Turnover - ₹ 7,50,000/-

Net profit - ₹ 3,25,000/-

Should I select 'NO ACCOUNT CASE' in ITR-3.

Replies (2)
Quick Summary
This discussion clarifies the 'No Account Case' option within ITR-3 for individual businessmen. It addresses whether a turnover of ₹7,50,000 and net profit of ₹3,25,000 qualifies for this filing status. The expert advice indicates that this scenario likely does not meet the criteria for a 'No Account Case' and selecting it could lead to a defective return.

No, you can't select No account case

Please clarify the criteria of selecting 'NO ACCOUNT CASE' in ITR-3.

If I select 'NO ACCOUNT CASE' in ITR-3, will the return be defective ?

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