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Querist : Anonymous

Querist : Anonymous (Querist)

13 November 2018 Dear Experts,

I have filed ITR for A-Y 2015-16 in which i filed proprietor capital balance as nil (I have filled only assets value).

While filing ITR for A.Y 2016-17 i filed proprietor capital as Rs.7,00,000.

Now I have received limited scrutiny for A.Y 2016-17 in which they asked me to submit Capital A/c.

I have submitted the same but again recd notice stating that opening balance of capital is nil for A. Y 2015-16 and in A.Y 16-17 capital account you have shown opening Rs. 300000 ?

How to reply now pls suggest.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

15 November 2018 If you filed your ITR for 2015-16 u/s 44AD i.e. under no accounts case you can simply reply that I have filed u/s 44AD where I was not required to mention details of capital account nor was I required to maintain books of account.

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