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Notice u/s section 139(1)

31 August 2016

we are runing SELF HELP GROUPS since last 10 years,every year we are filing ITR-5 and we receive the refund amoount also,but this year i.e AY-2016-17, I have filed the same returns but this receive the notice u/s.139(9)

E-file in response to notice u/s 139(9)

Error code:- 31

Error descrition:- Tax Payer having income under the head “Profits and gains of Business or Profession” but not filled Balance Sheet and Profit and Loss Account

Probable resolution:- The complete details of Profit and loss account and Balance Sheet should be entered in the return.

please kind resolve my problem.and tell me the procedure of recitification of error.

please kind see the Sceen Shots

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4 Replies

Bharath (C.A,C.S) (3983 Points)
Replied 31 August 2016

Dear Ramesh,

Please check the ITR's you have used in filing for the previous years because ITR V can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. In case of your return, you may have mentioned the receipts as business income in the return you have filed and hence the error shows as P&L to be filed.Kindly share the scrrenshot of the Main page of the return which can give more clarity on the error.

Manoj BG (Tax Professional and in Service) (1795 Points)
Replied 31 August 2016

Its an defective return notice. Kindly revise your return by filling your income and expenditure details prepared under the profit and loss tab of Income Tax return.

Thanks and Regards,

Manoj B. Gavali

ramesh vankara (9 Points)
Replied 31 August 2016

previous years i am mot filling Profit and loss account and Balance figures.this year why these details are asking income tax people,please kindly suggest procedure of filling profit and loss account and balance sheet,or otherwise i will send ITR-5 excel sheet