Defective return u/s 139(9)
This query is : Resolved
06 December 2019
My client is a Trust registered u/s 12AA. It has filed return of income for the assessment year 2018-19 claiming gross receipts from income u/s 194J,194A and 194IB income , all under as other sources income.The trust has claimed deduction and exemption u/s 11 and has returned a nil income. The tds of the above sources were claimed as refund.
However the trust has received a notice u/s 139(9) for defective return from CPC. The cpc has directed that the income stated in 26AS of the Trust for the AY 2018-19 was not reflected in the return. The trust is having main object as health care and were giving treatment to patients. The treatment expenses are reimbursed by Insurance companies. TDS is deducted u/s.194J by the insurance companies for the payment of medical expenses reimbursement.
The trust is not doing any commercial business or professional activities and hence the reimbursement of Medical expenses were admitted as other sources income by the trust. The entire income as per 26AS has been admitted as income from other sources. How to rectify the return as per CPC direction. Please advice at the earliest..
CA HS Ramgopal.
However the trust has received a notice u/s 139(9) for defective return from CPC. The cpc has directed that the income stated in 26AS of the Trust for the AY 2018-19 was not reflected in the return. The trust is having main object as health care and were giving treatment to patients. The treatment expenses are reimbursed by Insurance companies. TDS is deducted u/s.194J by the insurance companies for the payment of medical expenses reimbursement.
The trust is not doing any commercial business or professional activities and hence the reimbursement of Medical expenses were admitted as other sources income by the trust. The entire income as per 26AS has been admitted as income from other sources. How to rectify the return as per CPC direction. Please advice at the earliest..
CA HS Ramgopal.
06 December 2019
Revise the return by treating income for which TDS deducted under section 194J as professional income
Message likes :
1 times
06 December 2019
Thanks for the early response
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- LIC maturity claim whether taxable
- Journal entry of busniess expenses
- GST Rate for Catering Services
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
