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Regarding Defective IT Return

This query is : Resolved 

14 December 2019 we are received a notice from department stating that there is defect in the ITR filed for AY18-19. I had filed ITR-3 under section 44AD for our client having business income .

Taxpayer having income under the head “Profits and gains of Business or Profession” but has not filled Balance Sheet and Profit and Loss Account as required in explanation (f) under section 139(9) read with section 44AA. Probable Solution - The Part B of the Profit and loss account and Part B of the Balance Sheet (i.e No Account Case Section) should be entered in the corrected return without which the return filed earlier is liable to be treated as invalid.
Please let me know what correction I need to do?

Thanks and Regards
RAKESH R GOWDA


04 June 2020 Please do mail me at ashakantasharma@gmail.com with all the details for complete analysis of the same.


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