I am filing itr 3 for a.y 2018-19. the turnover for the period is1.2 cr. while gerating X M L the utility is displaying that i need to get audited under sec 44ab. what should i do?
Menu
Error in itr 3
Replies (3)
Unless income declared under presumptive assessment (i.e. u/s. 44AD) .... audit is mandatory.
what should I do then ? last year's turnover was also 1.04 cr, but we filed itr 3 without any audit.
As per sec. 44AB of IT act, you are liable to audit your accounts, & submit report alongwith ITR.. (& the same applied for last year also.)
Alternatively, if eligible, file ITR u/s. 44AD.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
