Dear all
One of my client is a lorry transporter having T O 75 lakhs(all receipts are thru bank only) And have other businee income apprx 250000/- wants to file return with B/S . so my doubt is can i flie the retun with a net profit of 6% on Gross receipts for transport business and other business directly 250000 income without mentioning in detail for other business for the AY 2017-18 . is there any problem for me.
Give me reply ASAP
In sec 44AE we do not file Balance sheet , i need to file balance sheet.
Can i file the return with 6% on N P Because we have an option that we can show profit 6% if all receipts are thru bank , 6% of profit is applicability shown in ITR 4 Form , so can i use it for ITR 3 also
CAclubindia
