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If regular books of accounts are not maintained

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J. Uma maheswari

article assistant

33 Points Posted on 26 September 2020

My gross receipt in the AY 2018-19 is rs.205000 and expenses claimed 60000 ITR 3 regular books of accounts not maintained and now for the AY 2019-20 my gross receipts is 350000 and still return not filed for that year .shall I filed same provision like regular books of accounts are not maintained.

Replies (3)

Quick Summary

If you haven't maintained regular books of accounts but your gross receipts for AY 2018-19 were £205,000 and for AY 2019-20 are £350,000, you can still file your Income Tax Return (ITR) 3. Consider using presumptive taxation schemes like Section 44AD for business or Section 44ADA for professionals, which do not require book-keeping. Ensure you file before the 30th September 2020 deadline.

Debiprasad Jana

295 Points Posted on 26 September 2020

Show your income under 44ad if u r doing construction or business or other service. show 44ada if u r doing professional job. no need to maintain books of account