banner_ad

44ada and 139(9)

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 November 2017 139(9) intimations are being issued to cases filed under 44ADA where books are maintained under 44AA filled YES Part A of Balance Sheet is filled and Profit loss account is not filled but gross receipts and net profit is filled in which Net Profit is more than 50% of Gross Receipts. What could be the reason?

Should we say no at 44AA requirements or fill Profit Loss Account with the figures again exceeding 50% of Gross Receipts?

Pl. Suggest
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 November 2017 Say no at 44AA requirement.
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
05 November 2017 Yes... I agreed to Mr CA R SEETHARAMAN Sir.... Yes... U/s 44ADA you ll select 44AA as "NO".......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details