WHICH ITR APPLICABLE ?

Proprietorship

Turnover 850000
Commission Income 300000

Audit required ?
which itr applicable ?
Replies (2)
Quick Summary
This discussion addresses the correct Income Tax Return (ITR) form for a proprietorship with a turnover of £850,000 and commission income of £300,000. It clarifies that an audit is not required and ITR 3 is the applicable form. The query also seeks clarification on whether net profit or gross profit should be 8%.

Audit not required

ITR 3
Net profit 8% hona chahiye k gross profit ?

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