Friends can I file ITR-1 having turnover of Rs 3 crore without auditing Balance Sheet?..
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Quick Summary
This discussion clarifies that individuals with a turnover of ₹3 crore cannot file using the ITR-1 form. If your income is from 'Profit and Gain from business and profession', you must use ITR-3 or ITR-4. However, with a turnover exceeding ₹2 crore, ITR-4 is also not an option, making ITR-3 the mandatory choice. The discussion also touches upon commission income and vehicle sales as falling under business definitions, potentially requiring an audit.
If person have any income which is chargeable under head "Profit and Gain from business and profession" than they can not file ITR 1.
you can use ITR 3 or ITR 4. but as your turnover is more than 2 crores, than You are also not eligible to file form ITR 4 also.
So, you have to file form ITR 3 to show your business income, with or without audit subject to certain criteria relating to applicability of tax audit.
Actually purchasing vehicle from party and transfer money to his account and then sell to another party and receive some part of money in cash and some part in bank account and do not have gst no so and did turnover around 3 crore so to avoid tax can we show income as commission and file ITR-1 without auditing Balance Sheet
ITR -1 Form is a simplified one-page form for individuals having income up to Rs 50 lakh from the following sources :
Income from Salary/Pension
Income from One House Property (excluding cases where loss is brought forward from previous years)
Income from Other Sources (excluding winning from Lottery and Income from Race Horses)
In the case of clubbed Income Tax Returns, where a spouse or a minor is included, this can be done only if their income is limited to the above specifications.