Filling ITR3 due to income from business, rental and dividended but total income less than 20 Lakh.
In this case:
Is it mandatory to maintain book of account?
OR simply fill-up [NO ACCOUNT CASE] (53(i)a, b, c, d) ?
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Books of accounts for small business
Replies (4)
If eligible business....... File ITR 4 under sec. 44AD....... No books
As per section 44AA of the income tax act 1961, for F.Y 2017_18 your profit exceed s 1,20,000/- or turnover exceed s 10 Lacs you have to maintain books of accounts .
But income from Rental (shop) and dividend from mf, then can file ITR4?
For rental income of shop (not carring on business of your own) alongwith dividend Income from MF...... just file ITR1
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08 September 2026
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