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form itr3
I have turnover less than 1crore, can I file itr3 by showing income less-than 8% on turnover? am I liable to tax audit?
Replies (3)
What is business nature? Is it eligible u/s. 44AD?
it it is 194h &194b sir can I file itr3 by showing less-than 8% income on turnover
Sec. 194B has nothing to do with business.........
Sec. 194H is deducted over commission & brokerage paid....... So you can go with ITR3 with Profit & Loss account & balace sheet details..... Audits u/s. 44AB not applicable in this case.
By the way, how much is turnover?
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