24 March 2014
I filed a return of partnership firm whch had opted for section 44ad. However some how i forgot to mention in pgbp schedule the figure of profit from sec 44ad. n the utility calculated the interest under sec 234 b and c which i changed to zero as if the assessee opts for 44ad he does not rquire to pay advance tax and so no interest under sec 234 b n c is to be paid. and then filed up the return. now if the A.O sends me a demand of tax charging interest under sec 234 b and c then what is the recourse available to me? plz note the return is filed u/s 139(4) so cannot revise it. n all profits belong to business opting for 44ad. Plz reply at the earliest
CAclubindia
