Having income from agriculture, bank interest and income from hair cutting saloon.
Maintaining no amount books
Which ITR should use? Please guide
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which ITR to file
Replies (5)
ITR 3
Thank you sir but I am not maintaining books as Income is below 3 lakh.. Am I eligible for ITR 3
Though ITR3 can be filed for presumptive assessment also (i.e. no accounts case), but if your aggregate income is below 3 lakhs (including agricultural income)........ in that case you may choose to file ITR2 (bit easier) and declare saloon income under 'Income from Other Sources'.
Thank you sir but I am not maintaining books as Income is below 3 lakh.. Am I eligible for ITR 3
Yes, ITR3 can also be used for 'No account Case' ; but its little bit tricky for beginners..... Most of the times defective notice are served for such incorrect filling.
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