Presumptive & Non- Presumptive income in ITR-3
Tapas Samadder (244 Points)
10 June 2023Tapas Samadder (244 Points)
10 June 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 10 June 2023
Which other income you earn, other than the manufacturing activity?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 10 June 2023
In that case total income needs to be declared under regular assessment. (Presumptive assessment not eligible).
rama krishnan
(12234 Points)
Replied 10 June 2023
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.
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