It notice
This query is : Resolved
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.
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.
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.
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
- House Property Reporting in ITR
- TDS Claim year
- Supply through E-commerce Operators
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Agriculture income or business income
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
