banner_ad

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

579 views 3 replies

 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

 

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details