Section 131(1A) notice but i have filed return in 44AD

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If you've filed your Income Tax Return under Section 44AD and received a notice under Section 131(1A) requesting books of accounts, but haven't maintained them, don't panic. You can submit your bank statements and any other relevant documents supporting your declared income. It's advisable to check your AIS and Form 26AS to ensure all income sources were considered, and consider meeting the Assessing Officer in person.

Mayank Sharma

Mayank Sharma (Querist)
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06 October 2024 I have filed my ITR under section 44AD now i have received notice u/s 131(1A) to produce books of accounts as i have not maintained BOA what should i do there is nothing mentioned in notice about which Documents is required by A.O the only thing mentioned is BOA should be produced
Its urgent pls give your suggestions ASAP

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 October 2024 It seems that there has been concealment of income, while filing ITR.
Check properly AIS report along with Form 26AS and the income declared in ITR.
You may produce the bank statements and any relevant papers available, w.r.t. the income declared in ITR.

Mayank Sharma

Mayank Sharma (Querist)
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07 October 2024 Sir I have checked AIS already and considered every source of income present today is my hearing I am submitting bank statement and itr copies will that be sufficient

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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07 October 2024 At present when you are already submitting few documents in reply to notice, it is OK.
Try to understand the information obtained by ITD for the issue of the notice, that will prepare you for the future course. You may personally meet the officer concerned.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 October 2024 Good luck ....

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