There is no need to get audited or to file return using presumptive income basis as the turnover doesn’t exceed the threshold. You can use ITR-3 for filing returns.
Pramod Sasidharan
(article)
(41 Points)
Replied 15 June 2022
There is no need to get audited or to file return using presumptive income basis as the turnover doesn’t exceed the threshold. You can use ITR-3 for filing returns.
CA Rashmi Gandhi
(Chartered Accountant)
(86303 Points)
Replied 16 June 2022
CA MVC
(Job)
(6 Points)
Replied 01 April 2024
Hi Guys,
I have a salary income of 10 LPA and Loss in Options trading around 30K .So, now i am filling ITR 3.
As i joined the job in Oct month only, i want to avail new tax regime so up to 7.5 lakhs there is no tax.
And for next year i want to avail old tax regime for ITR 3.
My question is, Is that okay to switch from new to old and how many times i can do that ?
CAclubindia
