ITR Questionaire

Lila (Job) (457 Points)

08 April 2022  

On applicability of Tax Audit, there is a question in ITR 3, where it is asked - whether aggregate of all amounts received including amount received for sales, turnover or gross receipt s or on capital account like capital contributions, loans etc. during the previous year, in cash, does not exceed five per cent of said amount?

Whether we should put a Yes / No, if the amounts does not exceed 5%.