12 August 2014
CPC has declared ITR 4 (Revised Return ) for AY 2012-13 as defective under sec 139(9) on following grounds: 1 error code 23 --Where assessee furnish total of amount deducted in Sl.no.2,3,4 and 5 of Schedule BP should be consistent with Total credits in the P and L Slno.5 As the ITR was for a case where Books of account were not maintained (individual), no figures were entered in sl no. 2,3,4,and 5 of schedule BP (they are zeros) and total credits in P&L sl no 5 are also zero. Only serial no 51 of P & L were filled.
Please advise how can I correct this defect?
2. Error code 14 -- Assessee entering negative amount in gross profit or net profit.