If a person having income under 44Ad & Capital gain , then ITR 3 form with balance Sheet need to filed . So, providing all financial particular in return - not able to avail benefit in 44Ad even due to 100rs capital gain.
Please advice - how he can avail 44Ad benefit without giving balancesheet with Capital gain income?
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Itr - 44ad & capital gain income
Replies (3)
Business income under presumptive scheme can be declared in ITR 3, by not providing details as per BS & P&L accounts, but by filling few details under..... 'In case no accounts maintained' at the bottom of the schedules...
Check the raws at bottom of the sheets......... Sr. no. 6 in 'BS' & Sr. no. 53 in 'P&L'
Don't forget to selcect 'No'........ for the query:
Are you liable to maintain accounts as per section 44AA? (Tick) Yes No
if I am liable under sec. 44AA than which ITR should be filled without submitting p&l and B/S
Can you tell me what is liability u/s. 44AA?
Can you prepare any accounts books without P&L or BS finallization?......
If yes........ what's use of it?
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