Notice from it - error code 32 for losses in f&o

same notice to my client. He had claimesd a Fo loss of 3 lacs NOw same error code 32 issued u/s 139 (9)

CAn i revise return U/s 139 - 5 ?

This case you received a notice u/s 139(9), it means your return is defective return.

So please correct ITR 4 in each manner like prepare profit & loss account, Balance sheet. you can file revised return if you had filed original return before the last date of filing of ITR.

Prepartion of P&L and B&S is not a easy task for you becoz u r non commerce background. Please take the help of CA.

Thanks all, but can I file revise return now..since it was mention in the notice to file it within few days..which is already up. What is the last date to refile the same.

Hi VJ finally how you have corrected the return?

Hi kailash,

I have not yet corrected the return

Hi VJ,

How have you proceeded with the solution to this problem. i have got the similar notification.

Kindly help.