Itr3- item no.53,table p&l for ay17-18(fy16-17) ambiguities

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 If a Assesse ( may be individual / thro prctitoner) has NOT KEPT proper accounts ,and filling up IT returns by ITR-3, he is been asked  In ITR-3 form, in  Section P& L , item No.53-NO ACCOUNTS CASE :- FURNISH the following information for PREVIOUS YEAR2016-17 in respect of BUSINESS and PROFESSION

Appeal to    RESOLVE Following AMBIGUITIES / ANAMOLIES ( being apparent from it)

1.... He is NOT KEPT any ACCOUNTS , how come It dept asks /expects him to furnish it (being not maintained)

2.. for which year -AY (FY) it is been asked -as ASSESEE ( TAX PRACTINER on his behalf) is filling it,  as  ALL FIGURES that been furnished( from that ITR-3)are of  AY2017-18(FY2016-17),

or is expected to mentions figures of its precedent year(back year)(FY2015-16)?

 3.. for what it is required? when ASEESEE   VOLUNATRILY mentions that his case of NO account case

 

 

Replies (3)

Have you received any notice from CPC u/s. 139(9)?

 YES 2 days back by email

 

 1.... He is NOT KEPT any ACCOUNTS , how come It dept asks /expects him to furnish it (being not maintained)

Ans: If the income can be assessed under presumptive scheme (provided eligible), no need to maintain books of accounts.


2.. for which year -AY (FY) it is been asked -as ASSESEE ( TAX PRACTINER on his behalf) is filling it,  as  ALL FIGURES that been furnished( from that ITR-3)are of  AY2017-18(FY2016-17),

Ans:  details of the particular year only..... ie. AY 2017-18, in this case.


or is expected to mentions figures of its precedent year(back year)(FY2015-16)?

Ans: NO



 3.. for what it is required? when ASEESEE   VOLUNATRILY mentions that his case of NO account case.......

Ans: Eligibility u/s. 44AD/44ADA/44AE

 

 

 

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