ITR 3 NO ACCOUNT CASE INTRADAY

This discussion clarifies whether individuals with intraday trading income can file under the 'No Account Case' using ITR 3. It explains that this is possible if your business income or turnover doesn't exceed specific thresholds as per Section 44AA of the Income Tax Act. For individuals, these limits are generally Rs. 2.5 lakhs for profit and Rs. 25 lakhs for turnover, provided these limits weren't exceeded in the preceding three years.