Commission/Agency business without Books books

Those sections are applicable. Prepare book of accounts and then PandL and Balance Sheet and then properly file revised return before end of this month that is by 31st March 2020.

The notice is in line with income tax provisions. Presumptive taxation without books of accounts under 44AD is not available to Assessee having commission income.

hello pravin sir,

i have filed same kind of return for another assessee whose doing same kind of business...and that all are processed without profit and balance sheet.

 

Navale

Sec
139(9) is a defective return .
Defective return arises when all items whichever itr form you submit any schedule of the itr form .
should be scored as inapplicable or nil as circumstances or proof of documents should be retained and should be produced to the AO when ask for.

But what does the return says that is pertinent.
Now let's discuss about Sec 44AA.
44AA SPECIFIES MAINTAINING BOOKS OF ACCOUNTS for certain classes of assesse.

please get in touch with AO and rectify the defective return or produce necessary documents if required.

It's not possible.
May be due to any technical error in processing or may be due to luck favouring .

Accounts P&L BS are must and without that ITR is defective. File revised return immediately.

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What the chap of above post is writing ??
Can anyone explain ?
What for meeting AO ??
isn't post meaningless ??
CPC issues 139(9) notice. ITR doesn't go to AO office.

Read sec 139(9)..

If you are sure and able to justify reply and stand by your post then do so on Forum.

Don't use avoiding technique. 😇

Sir,

in my case i don't maintain books of account under section 44AA and we not covered under 44AA(1) 

then how can we attached balance sheet and profit and loss account ?

while filing return i have mentioned that this is Agency or commission business without Books

 

Without books will it not be illegal?

If you read 44aa 

There for b&p there are 2 condition and if any 1 satisfy then you have to prepare book of accounts 

1)  income from b&p exceeds 1.2lacs or

2)  gross receipts exceed 10laks rupees

And due to which the defective return is occur