watch_later 15/07/23

Sir,

It assessess un audited accounts turnover below 1 crore and profit less than 8 precent f.y.22-23.

Question:

Assessess itr-3 return filed f.y.22-23

 

1 Response | Latest response: 15/07/23 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 15/07/23

If total income of the person is less than taxable income, he can file return in ITR-3 and profit can be below 8%.

If your total income is below taxable income, you can opt out of 44AD.

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