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Do we need to fill PnL details in ITR 3 in case of presumptive taxation ?
Turnover is Rs 1.25 crores and there is ST capital gains from sales of equity shares. we are filing ITR 3 with presumptive taxation. do we need to give all details of profit and loss account also along with details of presumptive taxation or shall we mention only turnover with profit margins in 44AD column.
Replies (3)
Turnover with profit margin in 44AD column, Balance sheet four figures ( no account case ). Details of short term capital gain to be filled separately.
No need to provide all the details of profit and loss while opting presumptive taxation U/S 44AD.
Yes you need to fill in details of short term and all details . In case you are unable to do so file itr .
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