Ravinder (CA) 28 January 2021
If anyone is aware please do answer.
(a) If the business turnover is less than 01 crore and income is more than 6% (Digital Transactions), then can the assessee file ITR-3 form? Or is it mandatory to opt Section 44AD (Presumptive Scheme) and file ITR 4S?
(b) If the assessee doesnt opt Section 44AD and willing to show income less than 6%, then maintenance of Books and Tax Audit mandatory irrespective of Turnover (even for 15-20 Lakhs turnover)?
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