Defective return u/s 139(9)

This query is : Resolved

Dawood Lokhandwala (Querist)
Follow

03 October 2015 I had filled Income Tax Return of a Trust for F.Y. 2013-14 in ITR 7 and claim a Refund of Rs. 184400/-. The same return has been declared defective by the Income Tax Department u/s 139(9) by giving the reason that no receipts have been shown in ITR 7, however TDS has been claimed. I want to know that where the receipts should be shown in ITR 7 and if it is not possible than what action should be taken by me in this regard.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

03 October 2015 what did you fill in sheet named "SCHEDULE J" of the ITR 7?
Have you kept it blank?
and if it is so, confirm that the details are NOT APPLICABLE to your trust.

Dawood Lokhandwala

Dawood Lokhandwala (Querist)
Follow

03 October 2015 yes Schedule J is blank.

Dawood Lokhandwala

Dawood Lokhandwala (Querist)
Follow

03 October 2015 it is an Provident Fund Trust what necessary data to be fill in Schedule J?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

04 October 2015 PF trust does have the investments as permitted under the trust act. You need to report the same in this schedule J..u/s 11(5)

And what about scheduleOS and schedule VC?Did you fill it orkept it blank?

Dawood Lokhandwala

Dawood Lokhandwala (Querist)
Follow

04 October 2015 I have kept blank as schedule OS and Schedule VC and if I mentioned any amount, it will calculated taxes on that income.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

04 October 2015 Oh I see! So you mean to say you filed the return NOLY to claim REFUND and NOT as per income expenditure account audited by your auditor??????

Message likes : 1 times

Dawood Lokhandwala

Dawood Lokhandwala (Querist)
Follow

05 October 2015 yes I have filed only for the purpose of claiming refund and compliance of IT return.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

05 October 2015 You better rectify the same as per 139(9). Compliance is one part. but accuracy is another part of the return. Now the time has come to make it accurate as well.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

shreesh acharya

Vishal Dave

Vijay Mishra

Dalbir Singh Wadhera

Dhananjay Singh

Subscribe Now

Defective return u/s 139(9)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANCY

Accountant

GST CONSULTANT

Manager- Finance and Compliance

CA Final