MY CLIENT IS EARNED LIFE INSURANCE COMMISSION 1845000, 5% TDS DEDUCTED, HERE CAN I MAINTAIN BOOKS AND CAN I FILE ITR 3 ONLY? RATHER THAN 44AD, IN PROFIT AND LOSS ACCOUNT CAN DECLARE MORE THAN 8% PROFIT AND PREPARE BALANCE SHEET, FILE ITR 3 FORM PLEASE GIVE CLARIFICATION IN THIS REGARD URGENT
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Books maintained and form
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44AD can not be adopted in your case. choose ITR 3 for business and profession. you need to also fill the profit and loss and balance sheet.
u may file that income from IOS not required file ITR 3
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