04 June 2013
I've received a notice under section 139(9) stating my return is defective. I'd filed ITR 4 for AY 2012-13 since I had F&O trading losses. Here are the issues identified in the notice:
Sl.No - Error Code - Description:
1 - Code 23 - Where Assesse furnish total of amount deducted in Sl.no. 2,3,4 and 5 of Schedule BP should be consistent with Total credits in the P and L Sl no.5 Since ITR4 filed was for "No Account case" in Part A - P&L, nothing was entered in Sl. no. 5 of P&L, how can I correct this issue since the notice says that Sl. no. 2,3,4 and 5 of schedule BP must match with SL. no. 5 of P&L?
2 - 32 - Assessee has claimed loss under the head “Profits and gains of Business or Profession”; however, he has not filled Balance Sheet and Profit and Loss Account and has not got the books of account audited As mentioned above, this was purely filed for F&O loss under "No account case", so no there was no audit done. How can I address this?
3 - 14 - Assessee is entering negative amount is gross profit or net profit without giving details in Part B of P and L. In Sl. No. 51b and 51d. - "Assessee is required to furnish all the details in the Part B of Part A - P and L in the new xml which will be filed in response to this communication." There's no part B for P and L section. where to furnish these details?
It seems that lot of people who've filed ITR4 and declared losses seems to have received this notice. can some one please help if they are able to resolve these issues above?
04 July 2013
No No it depends on the person to person if you have not fulfilled the ITR 4 correctly then yes there is defect. Kindly rectify and reload it the problem will be solved
04 July 2013
No No it depends on the person to person if you have not fulfilled the ITR 4 correctly then yes there is defect. Kindly rectify and reload it the problem will be solved
CAclubindia
