Regarding percentage of net profit

hi all,
My turnover for the Asst. yr. 23-24 is around 1.45 cr. through bank. some securities transactions are also , so I am filing ITR 3 . What should be the minimum net profit. IN ITR 4 Like through bank minimum net profit 6% and 8% from any other modes. Is there any minimum limit in ITR 3 without audit.

pls guide.
Replies (6)
Quick Summary
This discussion clarifies the minimum net profit percentages required for Income Tax Return (ITR) 3 filings, particularly for those not undergoing an audit. It highlights that if all transactions are through the bank, a minimum net profit of 6% is generally expected. For those wishing to declare a lower net profit, undergoing a formal audit is necessary. The thread also touches upon the specifics of ITR 4 for comparison.

 

If it is all thorough Bank, you will have to set at least 6% NP .............. .......... 

Yes, I agreed with Mr NARENDRA...


Without Audit not possible to declare NP 8% or (6% Banking mode).

If You want to show less than the percentage then go with Audit..
Thanks a lot
Welcome...
Regarding % of net profit.
Hello Mr Sabyasachi Mukherjee @ CMA PROFESSIONAL....

Are You know The Query closed on 29th July 2023...

Please avoid such practices or just for points....

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