NO ACCOUNT CASE

What is no account case? Is it anything other than 44AD / 44ADA /44AE sections ? If not then why is it shown seperately in downloaded ITR Form from the income tax portal?
Replies (2)
Quick Summary
A 'no account case' refers to situations where maintaining detailed books of accounts isn't mandatory under specific income tax rules. This often relates to presumptive taxation schemes like sections 44AD, 44ADA, and 44AE. Despite not requiring books, these cases may still appear separately in downloaded ITR forms for clarity.

No account case means where's you don't have to maintain books of accounts as per certain rules and regulations of income tax act
where's you don't have to compulsory make a party or persons financial statement in online mode is for no account case in offline mode you have both for Account maintaining person as per rules and regulations of income tax act as well no maintenance of books so that individual falling asper the source of income catereia fill the form
usually all audit cases are filled offmode itr 3 as per maintenaing of books same way commission agent fill itr 3 as commission is their source of income it is comlusory to fill as per IT act even no maintain of books

For prosumptive taxation there is no account case

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register