Notice u/s 139(9)
This query is : Resolved
14 March 2015
I filed Return of Income ITR-4 on 31.07.14 for A Y 2014-15 declaring loss from Business or Profession and Income from salary. I have asked the loss to be c/f
Now i have recd notice u/s 139(9) saying the return has certain defects and should be rectified within 15 days
The errors are
Code 32 - assessee has claimed loss but not filed b/sheet and p & l a/c and has not got the books of account audited
However It is not compulsory for the assessee to maintain books of accounts and get audit done because the turnover is below threshhold limit of compulsory audit
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 & l Sl no 5
However in schedule BP no amount has been entered against sl no 2,3,4 and 5 and p & l sl no 5
Code 14 - Assessee entering negative amount in gross profit or net profit
In gross profit no negative amount is entered. There is negative amount in net profit since expenses are more than receipts. the negative figure comes automatically
My question is how the rectify the above defects ?
Now i have recd notice u/s 139(9) saying the return has certain defects and should be rectified within 15 days
The errors are
Code 32 - assessee has claimed loss but not filed b/sheet and p & l a/c and has not got the books of account audited
However It is not compulsory for the assessee to maintain books of accounts and get audit done because the turnover is below threshhold limit of compulsory audit
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 & l Sl no 5
However in schedule BP no amount has been entered against sl no 2,3,4 and 5 and p & l sl no 5
Code 14 - Assessee entering negative amount in gross profit or net profit
In gross profit no negative amount is entered. There is negative amount in net profit since expenses are more than receipts. the negative figure comes automatically
My question is how the rectify the above defects ?
14 March 2015
you can refile the return with original return ack. number and remove the error.
14 March 2015
my question is how to rectify the errors ?
04 August 2024
https://docs.google.com/document/d/1AXeaWwGFwcV5qjecLmexlAV_CXf9BK6_Lzxa7mvXQe0/edit?usp=sharing
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- U/s 44AD of Income tax
- Difference in tax comparison report
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
