I tried to file ITR 3 for AY 2018-19. This is my first year . we are not maintaining the regular books of accounts.
Please clarify the below questions.
1. Our gross receipt is 74905. we are declaring Presumptive income @ 10 % thereon. so our income is 7491. We also paid tax 2314..Then in the P & L No Account Case section what should be
gross profit? (7491 or anyother?)
net profit? (7491-2314 or - all expenses)
and expenses? (direct + indirect expenses or only indirect expenses)
(we are providing web hosting services)
2. In Balance sheet(B/S) section, Amount of cash balance means in (No Account case (6))
Cash in hand or
cash in hand + bank balance
Thanks
CAclubindia
