139(9)
This query is : Open
24 May 2017
I have filed return 4S of my client.
I got notice from I T Department for 139(9) with error code no. 86..
How to rectify.. Please help me out..
CA R SEETHARAMAN
(Expert)
24 May 2017
Tell me what is the nature of business.
“As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on any agency business.As seen from the return of income filed, the nature of business code mentioned is which falls in the categories mentioned above. Hence, the provisions of Sec.44AD are not applicable, in your case.”
“As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on any agency business.As seen from the return of income filed, the nature of business code mentioned is which falls in the categories mentioned above. Hence, the provisions of Sec.44AD are not applicable, in your case.”
CA R SEETHARAMAN
(Expert)
26 May 2017
For travel agency section 44AD not applicable Accept the error and file the ITR 4 and declare actual profit earned.
26 May 2017
Sir I will file 139 9.
But I did not get the same notice for the preceeding financial year..
CA R SEETHARAMAN
(Expert)
26 May 2017
May be you selected different nature of business.
26 May 2017
Sir in preceeding financial year.. It is exactly the same case..
CA R SEETHARAMAN
(Expert)
26 May 2017
May be some processing omission leave it correct this year return.
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