Related Income tax filling

143 views 2 replies
Hello,

This is Bharat I'm filling ITR 3 for my business entity I do not maintain books of accounts under sec 44AA bcoz my annual turnover is less then 1 Cr.
Now I'm filling ITR 3 there by excel utility.
will I need to provide whole details of balance sheet or only for four contain of balance sheet like as debtors, creditors, stock and cash balance.???
plz suggests me.
Replies (2)

you should prepare ITR 4 under presumptive income basis

you don't need to fill the whole detail but last year IT dept sent notices to those who filed return under 44 AD without attaching Balance sheet and P/l..I guess These 4 details will be enough though


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