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professional income
if I only have professional income and I m declaring only 20%profit on it in ITR 3 than what will be the consequences????
Replies (8)
Expect defective notice..
if the income is less than 50% than no issue regarding audit ???
Audit u/s. 44AB mandatory, provided total income exceeds the maximum amount which is not chargeable to income-tax.
under presumptive taxation you need to declare minimum 50% of total receipts as your total income if not undergo audit your books under 44ab
okay
thank you sir for your guidance!!!!
thank you sir for your guidance!!!!
Most Welcome ...
Good Morning My Dear Mr Dhirajlal Rambhia Sir...
Good Morning, Dear ...
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