Section 44AA - Maintenance of Books of Accounts

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Ekant (Querist)
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20 December 2010 > IT Return (ITR IV) of a proprietory business has been filed electronically u/s 139(4).

> Section 44AA was applicable to the business, but in the Return it was set at NO.

> Balance Sheet and P & L a/c were filled as per NO ACCOUNT CASE.

> There is a REFUND of TDS amounting to Rs. 17000 /-.

> ITR V has not yet been posted to Banglore.

Please suggest a remedy as soon as possible so that the client gets the refund without much hassel.

CA Parvin Ahuja

CA Parvin Ahuja (Expert)
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20 December 2010 You have not mentioned whether books are maintained or not. In this case you shuld revise the return and send ITR V to Bangalore if the assessee does not have digital signatures.

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Ekant

Ekant (Querist)
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20 December 2010 Sir, books have been maintained by the assessee, but originally the return was filed under section 139(4), i.e. a belated return has been filed. Can it be revised; if yes, how.
Please assist.