Dear Sir,
Hope you are doing well.
1. Yes.
2. ITR 3
3. No, tax audit is not required.
It is advisable to take a phone consultation for detailed discussion.
Thanks & Regards,
Payal Chhajed
Dear Sir, I have income from engineering consultancy services. For income from consultancy services I would like to go for presumptive tax in my ITR. I have loss from day trading for which I would like to go for non presumptive tax in ITR. My query is - can I go for above in my ITR - which ITR should I use to show both presumptive and non presumptive approach for both the above type of business income - will I be required to get my day trading account audited if I go for non presumptive tax with my turnover less than 1 crore Thank Aseem