Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

Presumptive & Non- Presumptive income in ITR-3

10 June 2023

Dear sir, I have manufacturing business and turnover less than 1 crore. I want to show presumptive & Non- Presumptive income in ITR-3, I am registered with GST. it is possible.

Reply
Follow
Share

7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193895 Points)
Replied 10 June 2023

Which other income you earn, other than the manufacturing activity?

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Tapas Samadder (538 Points)
Replied 10 June 2023

I also earn commission & brokerage, rent

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193895 Points)
Replied 10 June 2023

In that case total income needs to be declared under regular assessment. (Presumptive assessment not eligible).

1 Like

Tapas Samadder (538 Points)
Replied 10 June 2023

Thanks 🙏

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193895 Points)
Replied 10 June 2023

You are welcome.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

rama krishnan (12244 Points)
Replied 10 June 2023

Manufacturing business can be shown under presumptive and commission business can be shown under non presumptive

1 Like

Sanjana Mohanty (100 Points)
Replied 16 June 2023

Yes, it is possible to show both presumptive and non-presumptive income in ITR-3 if you are a registered GST taxpayer and have a manufacturing business with a turnover of less than 1 crore.

1 Like