139 9 defective notice

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Sharad (Querist)
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02 November 2017 AY 17-18 Income details: STCG us 111A approx 35000 F&O - business - turnover Rs., 75000.. Income shown @8% us 44AD Rs. 6000 Other income : interest etc Rs. 3 L + For presumptive income ITR 4 is applicable but as there was STCG also... ITR 4 became not applicable and ITR 3 used. P&L schedule - blank... But below section which says 'no accounts case' we mentioned Turnover Rs. 75k and gross and net profit Rs. 6k (8 %) Nature of business - Trading others. 139 9 notice says.. Turnover not mentioned in P&L.... Or profit declared is less than 6 %.. Pls guide.

Sharad

Sharad (Querist)
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04 November 2017 Any views on this by experts?

Sharad

Sharad (Querist)
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05 November 2017 Any views from our experts ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 October 2021 The turnover need to be declared when 8% declared over it, in presumptive assessment. Declare it under 'Total Receipts' column.
File revised return u/s. 139(9).

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