My client deals in the business of trading electronic items and he is also registered under GST as a regular taxpayer.
In Prior years the assesee has been filing ITR 4 (Presumptive Business).
But this year he also has commission income with TDS 194 H in 26AS.
As we know that person with Commission Income cannot declare Income under Presumptive Business.
My query is should I file ITR 3 with complete BS PL or ITR 3 with no accounts case.
The net profit from the business is less than 2.5Lacs and GST turnover is 2.4Lacs.
Can i file ITR 3 with NO ACCOUNT CASE??
Also what are the provision I need to check out if I come out of the Presumptive Business scheme.
Regards
Ajay
CAclubindia
