professional income

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148 Points Joined October 2017
if I only have professional income and I m declaring only 20%profit on it in ITR 3 than what will be the consequences????
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On 20 July 2018 at 19:30 Report
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SEO Sai Gr. Hosp.
210367 Points Joined July 2016

Expect defective notice..

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On 20 July 2018 at 19:38
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148 Points Joined October 2017
if the income is less than 50% than no issue regarding audit ???
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On 20 July 2018 at 19:54
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SEO Sai Gr. Hosp.
210367 Points Joined July 2016

Audit u/s. 44AB mandatory, provided total income exceeds the maximum amount which is not chargeable to income-tax.

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On 20 July 2018 at 20:21
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12244 Points Joined May 2017
under presumptive taxation you need to declare minimum 50% of total receipts as your total income if not undergo audit your books under 44ab
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On 20 July 2018 at 20:29
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148 Points Joined October 2017
okay
thank you sir for your guidance!!!!
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On 20 July 2018 at 23:47
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SEO Sai Gr. Hosp.
210367 Points Joined July 2016

Most Welcome ... 

 

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On 21 July 2018 at 06:04
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Good Morning My Dear Mr Dhirajlal Rambhia Sir...
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On 21 July 2018 at 07:31
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SEO Sai Gr. Hosp.
210367 Points Joined July 2016

Good Morning, Dear ...

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On 21 July 2018 at 08:39


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