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ITR3 Under presumptive income

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Sandeep Jain

Pivate

706 Points Posted on 23 October 2023

Sir,

Previous 2 years we maintain proper books of accounts but file ITR4 under section 44AB. But FY 2022-23 have We not eligible to file ITR4 because income from agriculture have also. so can we file ITR3 with balance sheet and profit loss account OR it's mandatory to file ITR3 under section 44AB no account case.

Replies (3)

Quick Summary

This discussion clarifies filing ITR3 for the financial year 2022-23, especially when agricultural income is involved. If you've maintained proper books of accounts, you can file under ITR3. However, if you haven't maintained books or wish to use presumptive taxation benefits, ITR4 remains an option.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 23 October 2023

Your query is not clear...

You confused with Section, ITR number and Income...

Please ask with clear question...

Sandeep Jain

Pivate

706 Points Posted on 24 October 2023

Sir,

Can I file ITR3 with proper books of accounts. previous 2 year we filed ITR4.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 25 October 2023

If you have maintained the books of accounts then you may go for ITR-3.

If you have not maintained the books of accounts or if you want to avail the benefits of presumptive taxation then you may go for ITR-4