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NO ACCOUNT CASE UNDER ITR 3

1132 views 2 replies

Hi sir,

      Iam facing an issue when fling under no account case in ITR 3. Under validation error it is saying that "income is more than 2.5 lakhs but BS & P&l is not entered". i have provided balance sheet details also under no account case.

How can i change that error? When i give yes for 44AD in audit section and then file no account case then no error comes up.

Replies (2)
As per section 44AA, clause (ii), if his income from business or profession exceeds two lakh fifty thousand rupees, he shall be liable to maintain books of accounts.
Sec 44ad not applicable some of incomes. So, check out your income and selected code.


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