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my NP is 35000, As per section 44AA exemption for non mentainance of books of accounts is only up to Rs 12000p
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my NP is 35000, As per section 44AA exemption for non mentainance of books of accounts is only up to Rs 12000p
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Can't understand this one...!?!
sorry sir my NP is 350000, As per section 44AA exemption for non mentainance of books of accounts is only up to Rs 12000p
sorry sir my NP is 350000, As per section 44AA exemption for non mentainance of books of accounts is only up to Rs 120000

You query started with........

"i have presumptive profit u/s 44AD but during the 2016-17 i sold one open plot and gained. Which ITR form i should fill ?"

But at last you are confused between section 44AD and section 44AA of IT act...........

Hope you know that sections 44AD/44AE/44ADA override section 44AA of IT act...

 

Originally posted by : Dhirajlal Rambhia
You query started with........

"i have presumptive profit u/s 44AD but during the 2016-17 i sold one open plot and gained. Which ITR form i should fill ?"

But at last you are confused between section 44AD and section 44AA of IT act...........

Hope you know that sections 44AD/44AE/44ADA override section 44AA of IT act...

 

 

Thank you for the Reply My Dear Dhirajlal Rambhia Sir.,

sir as u said i am filling my return of income in itr3. at the end it is saying that "PLEASE ENSURE THAT RELEVANT FIELD OF BS AND P& L FILLED, OTHERWISE RETURN MAY BE TREATED AS DEFECTIVE UNDER SEC. 139(9)
PLEASE HELP WHAT TO DO
You ll select the option of as "NO"



a) Are you liable to maintain accounts as per section 44AA? (Tick)   Yes  No
i have selected 44aa as No
After selecting you ll be fill the details as 0......!
in utility all the normally it is provided 0
Normally all field of p& l and BS are 0
Only in No maintenance of books column
under no maintenance of books . i havr to fill 0??
cash balance
sundry debtors n all

Just enter in "No accounts maintain" column


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