Clarification on filing itr 3 for presumptive taxation under sec 44ada

Efiling 760 views 4 replies

Raj Yadav

self

30 Points Joined August 2019

Dear SIr,

I have income from Legal profession, very minor income from speculative business ( Intra day trading Rs 250) and negative income in Capital Gains.

I have filed my ITR3 under sec 44 ADA for income of Rs 410000 ( Rs Four Lac ten thousand only). However on filing ITR i am getting a system generated email saying that since my income from business/ profession is more than Rs 1.20 lacs, i have to fill details in Balance sheet/ P&L account. Since my receipts are under Rs 50 lacs I am not required to maintain the books of accounts under sec 44ADA, I do not understand why I am getting this email. I have checked the ITR and correct columns have been filled. Income is reflected in column 62 as required.

speaking to IT helpline did not provide any satisfactory answers.

Can anyone guide me on why i am getting this email and what Should I do now. Screenshot of email is attached

Thanking in advance.

Attached File : 2875200 20190803130929 itr defect.pptx downloaded: 90 times

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211468 Points Joined July 2016

Fill column 64(ii) of Schedule Profit & loss

[IF REGULAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED, furnish the following information for previous year 2018-19 in respect of business or profession-]

And column 6 of Schedule BS... [No Accounts Case]

Even after that, if you get the massage, ignore it as just 'an alert'.

Raj Yadav

self

30 Points Joined August 2019

Thanks Sir for the prompt reply. I have correctly filled both columns as advisec. But still got the email thats why I was worried as I am first timer. I will ignore the email.

Grateful for reply

Regards