A proprietor having income from business or profession : General commission Agent.
His Net profit for P.Y 2013-14,2014-15 & 2015-16 has crossed Rs.120,000/- however recipts in all the 3 previous year is less than 10 lacs.
Assesee's business is not covered u/s 44AA(1) & however his net profit has crossed in any 3 P.Y. & 44AA(2) applies
What should be shown in ITR against question in ITR 4
Whether liable to maintain accounts as per section 44AA?
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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