44AD
This query is : Resolved
DIVYA JAIN
(Querist)
07 November 2016
I have filed my ITR for A.Y. 2016-17 in 44AD. Authorities declared it as defective return on the grounds of non preparation of balance sheet and profit and loss. Under what circumstances it is mandatory to prepare books under 44AA while filing under 44AD?
CA R SEETHARAMAN
(Expert)
08 November 2016
If you are filing the return u/s 44AD no books need to be maintained and P&L and balance sheet need not be filed. There is some error in filing the return correct it and file it again. Choose no account case.
Amol S Joglekar
(Expert)
08 November 2016
can you please confirm which ITR form u filed? ITR 4 OR ITR 4S??????
DIVYA JAIN
(Querist)
10 November 2016
Itr 4 sir.
DIVYA JAIN
(Querist)
10 November 2016
actually i can say both.... some clients are filing there return under itr 4 and some undet 4s... Now what response will i file for such notice of defective return..?
CA R SEETHARAMAN
(Expert)
11 November 2016
You have to correct the mistakes. No problem in filing ITR 4.
DIVYA JAIN
(Querist)
11 November 2016
what sort of mistake sir ??
CA R SEETHARAMAN
(Expert)
11 November 2016
You have to choose no account case by declaring not less than 8% profit on turnover.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital Gains Tax on Inherited Mutual Fund
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
