Itr 3 for 44AD

416 views 9 replies
I have business income u/s 44AD and also agriculture income of 280000. so I have to file ITR 3. do I have to maintain books of accounts?
Replies (9)

Not mandatory.

reason

Sec. 44AD !!

Respected My Dear Mr Dhirajlal Rambhia Sir.,

Can You give reason for Your view...?!


In ITR 4 we will enter less than 5k only for exempt income. Then why...?

it's mean no need to show it under ITR...?
sir I have received notice of defective return and..so do I need to prepare books. as per portal just because return is submitted under Itr3 and my profit is more than 2.5 lakes, so thus I need to maintain books.. please help

@ Raja PM Sir,

Here ITR 3 has to be selected even for sec. 44AD, as the exempted income is more than 5K.

@ Radhika,

You must have declared less than 6/8% profit margin over bank/cash turnover, hence the defect.

Sir.,

Your reply to "Books of accounts"...? Right...



( @ Raja PM Sir, 😢😢😢😢😢😭😭😭😭😭)
thank you and congratulations


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register