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Defective return

Others 277 views 8 replies
I filled the ITR 3 as per section 44ADA ,but later I get defective return showing error code 311.Asking for profit and loss &Balance sheet detail.
what should I do know ?
Replies (8)

Submit the return under sec. 44ADA again, but with minimum details required under 'No Account case' like disclosing the amounts of total sundry debtors, sundry creditors, stock-in-trade and cash balance as at the end of the previous year.

But in real there are no sundry debtors , sundry creditor and cash in hand , he just received fee on monthly basis

In that case fill them as '0' ; but cash at hand cannot be just 'zero' !!!

Cash balance on what basis I have to enter in it .
@ Rishab
What type of income you declared under 44ADA ?

You are actually required to file ITR4 Sugam provided you do not have capital gains income

Anyway in ITR 3 you have to fill item 62 and not Item 64 under p&L schedule. And item 6 of BS Schedule.

There is no basis to declare cash balance as no books are maintained. You are the best judge to apprx it.
Assesse also have capital gains from sale of shares .He earned STCG and LTCG from shares .
@ Rishab

Anyway in ITR 3 you have to fill item 62 and not Item 64 under p&L schedule. And item 6 of BS Schedule.
If No amount to fill then enter zero
Earlier I entered the zero in orignal return and know it shows defective return 139(9).


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