Celebrate Freedom with 10% OFF on CAclubindia Pro Membership. Subscribe Now!

Query in Filing ITR 3, Audit Information

1617 views

Save Share

Aanshi Jain

41 Points Posted on 27 August 2020

While filing ITR 3 Audit Information coloumn, point (a2), do we have to tick it as yes if we are maintaining books of accounts and showing porfit above 8%

secondly, in point(a2) What do we have to tick, if we have income from other heads also as wordings of point (a2) read as 'Whether assessee is declaring income only under section 44AE/ 44B/44BB/44AD/44ADA/44BBA/44BBB.

Replies (3)

Quick Summary

This discussion clarifies how to correctly fill out the 'Audit Information' section in ITR 3, specifically point (a2). It explains that if you maintain books of accounts and show a profit above 8%, you should answer 'No' to (a2) if you are not declaring income under presumptive schemes like 44AD/44ADA. Conversely, if you are declaring income under these presumptive schemes, you should answer 'Yes' to (a2), making sub-points (a2i), (a2ii), and (a2iii) not applicable.

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 27 August 2020

It's relating to Business income only. (not relating to other heads income)

Column (a2)... Choose YES, if you are declaring Income u/s 44AD/44ADA ect.......
if (a2) is YES, than all other a2i, a2ii, a2ii are Not applicable (i.e No)

Column (a2)... Choose No, if you are not declaring Income u/s 44AD/44ADA ect.......but declaring aa a normal scheme
if (a2) is No, than all other a2i, a2ii, a2ii are applicable and answer respectively......