Regarding percentage of net profit

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.