Notice 139 (9)

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This discussion addresses a query regarding Notice 139 (9) with error code 310, specifically for individuals with sales commission income who are not maintaining formal books of accounts. The user is asking if they can simply declare their cash balance as per Part A-BS, Point 6, to indicate non-maintenance of books. The advice provided suggests that commission income generally requires the maintenance of books of accounts, and that both cash balance and capital should be reflected in the balance sheet, with the commission income declared accordingly.

Neelam Parab

Neelam Parab (Querist)

20 January 2020 Hello Sir, I got a Notice 139 (9) with error code 310, But all income having Sales commission and not maintaining books of account ..then can I Show only Cash balance as per Part A- BS, Point no. 6 to select not maintain books of account, then it will be ok or not ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

20 January 2020 How much comission income declared.

Neelam Parab

Neelam Parab (Querist)

20 January 2020 Commission amt is 291816/-

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 January 2020 You have to maintain books of accounts. Fill cash balance and the same amount under capital in balance sheet. In.p and I fill the commission income.