Income tax return FY 2022-23

Respected Sir,

if a person have income from business books of accounts proper maintained ( balance sheet, PL account, trading ac,) turnover Rs.8000000/- Net profit Rs. 700000/- and income from agriculture Rs. 2 Lacs if he not want to opt presumptive income. so can he file Normal ITR3 upload balance sheet pnl
can he face any issues
kindly suggest
Replies (2)
Quick Summary
This discussion clarifies whether an individual with business income (turnover £8m, net profit £700k) and agricultural income (£200k) can file a normal ITR-3 instead of opting for presumptive taxation. The consensus is yes, they can file ITR-3 without issues, provided the source and nature of income are correctly determined.

Yes, He can file ITR 3.

Why issues...??!
No more issues...
Source of income , nature of assesse must be determined first.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details