Defective return
This query is : Resolved
10 June 2019
Mr. X has Gross Commisson Income of Rs. 400000.00 ( Net is 200000.00) and has 44AE ( 2Truck Income).
REturn submitted without books of Account. Showing
Business Income U/s 44AE and
Business Commission Income With out Books of Accounts .. Rs. 200000.00
Received Defective Return Notice....
Reason of Same ????
REturn submitted without books of Account. Showing
Business Income U/s 44AE and
Business Commission Income With out Books of Accounts .. Rs. 200000.00
Received Defective Return Notice....
Reason of Same ????
CA R SEETHARAMAN
(Expert)
11 June 2019
Your combined income exceed 2.50 lacs so you need to maintain accounts for commission income.
Declare commission income under account case and fill BS and P and L.
Declare commission income under account case and fill BS and P and L.
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