Sir, I have a client having the Business of Medical Store who got a Turnover of Rs. 27,82,000/- in the Asst. Year 2018-19.
My question is, may I file ITR-3 No Accounts Case in P & L Sheet Sl. 64. (IF REGULAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED, furnish the following information for previous year 2018-19 in respect of business or profession) with Gross Receipt, Gross Profit, Less Expenses & Net Profit.
Just to avoid ITR-4 filling up of full Balance Sheet Details.
As in ITR-3 only Cash, Stock, Creditors & Debtors are mandatory.
And also suggest me that till whatTurnover Limit I can fill No Accounts Case in ITR-3.
Thanks & Regards