Insurance agent
24 Points
Joined January 2017
Hi i am Full time pvt employee and Part time Insurance Agent, I submited ITR-4 for AY-2016-17,but ITR-4S for previous years.
IT-Depart ment thrown an error 31 the descripttion is in the below. plz help me.
Error Discripttion
Taxpayer having income under the head “Profits and gains of Business or Profession” but has not filled Balance Sheet and Profit and Loss Account as required in explanation (f) under section 139(9) read with section 44AA.
Prababuly resolution
The Part B of the Profit and loss account and Part B of the Balance Sheet (i.e No Account Case Section) should be entered in the corrected return without which the return filed earlier is liable to be treated as invalid.