I had filed return in time u/s 139(1)
Lic agent return for refund amounting to R's.49000.
It was defective u/s 139(9).
I corrected it and later it was found invalid. (Non account case).
Now advise me:
1. Remedy?
2. If belated return then how to file? Process??
Thanks in advance.
AY of filed return not provided; now the return filed is INVALID ( as if not filed)
Your commission income cannot be assessed under presumptive scheme. Prepare BS & P&L account and file ITR 4 (for AY 2016-17) with the details and file under section 139(4) as belated return.
KK & Company Chartered Accountant
Pune
CA Inter
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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CCI
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