Notice u/s 139(9) of income tax act, 1961 error code: 27

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Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2016 Sir,
received a notice under above section
error details: Assessee claiming more income U/s 44ad as compared to gross receipt in ITR 4S
probable resolution: For assessee claiming income chargeable under section 44AD, the total gross receipts should be less than Rs. 1 crore. Tax payer has to provide correct information about gross receipt & presumptive income U/s 44AD. Tax payer is required to fill relevant ITR form in the new xml which will be filled in response to this communication.

I have declared income U/s 44 AD on turnover 850000/- @ 15% then why i received such notice...

plzzz help kindly request

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)
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09 June 2016 Though the profit declared by you is more than the required rate of 8%, there may be some other data not filled in the return. For ex., the data of Balance sheet where no books of accounts are maintained like, Sundry Debtors, Stock, Creditors and cash balance to be mentioned at appropriate place. In case of Profit and loss account, the Turnover,Gross profit, Expenses are to be given in the return form. Fill these and file Rectification.

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Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2016 but sir if i am filing itr u/s 44 ad... i think no need to give theses figures like balance sheet or profit & loss ... i have also filed my return of FY 14-15 in same way.. but for that i havent received any notice... my itr is processed .. no demand or no notice..

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