Disallowances/defects identified in the itr

This query is : Resolved

J P MEHTA (Querist)
Follow

31 August 2018 Defect
Income from "Profits and Gains from Business or Profession" is greater than 1.2 lakhs but particulars as in "Balance sheet/Profit &. Loss Account" are not filled
Impact
Income Tax Return may be treated as defective if particulars in "Balance sheet/Profit &. Loss Account" are not filled
Suggested Resolution
Please fill Balance sheet/Profit &. Loss Account

J P MEHTA

J P MEHTA (Querist)
Follow

31 August 2018 I received income from partnership firm(as capacity of Partner), saving bank interest income. I filed my return without filling Balancesheet and Profit and loss account..

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

03 November 2021 You should file the remuneration from firm, in Tab 'D' of the schedule BP, and not as TO/sell receipts.

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

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

Rakesh Bansal

SANJAY GAIROLA

Saumil Kapadia

DSK TMC

Frank

Subscribe Now

Disallowances/defects identified in the itr

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

Senior Executive

CA Final

Accountant

Manager- Finance and Compliance