ITR-3 Filling 44AA

This discussion addresses whether an individual with a GST turnover of Rs. 70 Lacs and well-maintained proper books of accounts can file their Income Tax Return (ITR) using ITR-3, even if they choose not to avail the presumptive income benefit under section 44AD. The consensus is that filing ITR-3 is permissible with proper financial records like a Balance Sheet and Profit & Loss account, and an audit is generally not required unless section 44AD was opted for in previous years and the five-year limit hasn't been met.