Response to notice u/s 139(9)

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Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2013 I filed ITR 4 which is returned to me as defective due to negative figure in Net Profit for a case where books of account are not maintained. (error code 14)
Can I now file ITR 2 under sec 139(9), ignoring figures under Business Loss?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 June 2013 No it can not be advised to do so.
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The defect can be removed only by filling up the data in Part A -P&L and by providing its corresponding effect in Schedule BP.
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Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2013 Thanks for your reply.
However my problem is as follows:
Error code 14 -- Assessee entering negative amount in gross profit or net profit.
Here I only filled figures in sl no 51 a,b and c (Gross receipts, gross profit and expenses). Net profit is a negative figure computed by the excel utility. The solution provided in notice u/s 139 (9) is Assessee is required to furnish all the details in the Part B of Part A - P and L
However there is no part B of Part A of P &L in the excel utility. So how do I provide whatever details are required - I do not even know what details they are wanting.
Can I modify the figure of expenses (reducing them) so resultant net profit becomes positive? The negative figure is not very significant and I am ready to forego little benefit. Shall be grateful for your advice.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 June 2013 You must be having Part PL. Fill up the Data
on the basis of data earlier furnished in this Part Starting from Item No 1 to 50. Delete the Data from Item No 51.
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Modify Sheet BP also accordingly.
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Or, provide the 4 data , originally , you have furnished.
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