44ada and 139(9)
This query is : Open
Querist : Anonymous
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
Should we say no at 44AA requirements or fill Profit Loss Account with the figures again exceeding 50% of Gross Receipts?
Pl. Suggest
CA R SEETHARAMAN
(Expert)
05 November 2017
Say no at 44AA requirement.
Message likes :
1 times
05 November 2017
Yes... I agreed to Mr CA R SEETHARAMAN Sir....
Yes...
U/s 44ADA you ll select 44AA as "NO".......
Message likes :
1 times
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