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ITR 3

sumit ramasare prajapati (student) (43 Points)

14 July 2018

i have
1)speculation loss
2)capital gain
3) other income
4) salary income
i am filling ITR FORM 3 BY OPTING BOOKS NOT MAINTAINED CASES
DO I HAVE TO INCLUDE BALANCE AND P&L ALSO
IS IT COMPLUSOR???

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6 Replies

siva andhavarapu (ca final) (388 Points)
Replied 14 July 2018

actually based on your turnover only one can say whther you are required to maintain books or not

sumit ramasare prajapati (student) (43 Points)
Replied 14 July 2018

turnover is below than limit specified in section 44

siva andhavarapu (ca final) (388 Points)
Replied 14 July 2018

then no need to maintain books sir

sumit ramasare prajapati (student) (43 Points)
Replied 14 July 2018

But as per Itr 3 P&L AND Balance sheet compulsory ???

Bhavesh (CA) (39 Points)
Replied 14 July 2018

There are other particulars in ITR 3 for non maintenance of booksIn Schedule BS their is Sundry Creditors, Sundry Debtors, Inventories and Cash; if any available you can report and in p