No account case for ITR 3

for what type of business or what extent of turnover no account case is applicable.
For which businesses maintaining regular book of account is mandatory
Replies (5)
Quick Summary
This discussion clarifies the criteria for 'no account' cases under ITR 3, particularly concerning Section 44AA. Generally, if your business turnover exceeds Rs. 25,00,000 or income is over Rs. 2,50,000 in any of the three preceding years, maintaining books of accounts is mandatory. Specific professions like legal, medical, engineering, and film artists are listed, with similar income thresholds triggering the need for account maintenance, even for new professions.

Read section 44aa
If the sale/turnover/gross receipts from the business or profession is more than Rs. 25,00,000 or the income from business or profession is more than Rs. 2,50,000 in any of the 3 preceding years, then books of accounts will be compulsorily maintained.

Following professions are covered under this provision:

Legal

Medical

Engineering

Architectural

Accountancy

Technical consultancy

Interior decoration

Authorised Representative (one who charges fees for representing someone before the tribunal or any authority)

Film artist (producer, editor, actor, director, music director, art director, dance director, cameraman, singer, lyricist, story writer, screenplay or dialogue writer and costume designers.

Company secretary

Thus, if the above-mentioned professions have an income of more than Rs. 2,50,000 in any of the 3 preceding years, they need to maintain books of accounts. In case of a new profession also, if the income is expected to be more than Rs. 2,50,000, the professionals should maintain books. 
Read 44AA
Ramaraju has given an extensive explanation. i think your query is solved now
Agree with ramaraju ji

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