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Turnover for no accounts case?

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ca ipcc student
11 Points Posted on 14 September 2021
Can any one suggest me the maximum turnover upto which I can opt no accounts case in ITR-3.and am I liable to show any min percentage?
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On 14 September 2021 at 18:39 Report
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tax consultant
3306 Points Posted on 14 September 2021
Max turnover is 25lacs and max income is 2.5 lacs. even if your turnover is within 25 lacs limit i think you might still be ineligible as your income would probably be more than 2.5 lacs. Do check both criteria before selecting no accounts case.

minimum NP ratio of 8% is required
9 Reply
On 14 September 2021 at 21:46
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Chartered Accountant
24588 Points Posted on 15 September 2021
Agree with above
129 Reply
On 15 September 2021 at 06:11
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Chartered Accountant
5010 Points Posted on 15 September 2021

You can opt for presumptive taxation - 44AD or 44ADA or 44AE where no accounts are required to be maintained. You can use ITR 3 or ITR 4 based upon other facts. 

8 Reply
On 15 September 2021 at 08:50


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