13 May 2018
Dear Experts I have received notice from the Department stating that Tax Payer has claimed gross receipt or income under the head PGBP more than Rs.50 Lakhs. However, he has not filed Balance Sheet and profit and Loss account and has not got the books of accounts audited.
I have filed ITR3 I am a Doctor providing consultation to hospitals. My Total Gross receipts during the F.Y 2016-17 is Rs.25 Lakhs and declaring 50% Income in such cases is it necessary to audited my books of account with CA. I have submitted the reply stating that My total Gross receipts is below Rs.50 Lakhs and not agree with you send the notice. Again department rejected my return and asked to reply soon. Please advise in this regard. Thanks in Advance.