Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 23 September 2017
CPS Notice u/s 139(9) with error code 86 –
“As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to –
(1) persons carrying on professions that are referred to in Sec.44AA(1),
(2) persons earning income in the nature of commission or brokerage, and
(3) persons carrying on any agency business.
As per the nature of business code mentioned is which falls in the categories mentioned above. Hence, the provisions of Sec.44AD are not applicable, in those case. (That is error code: 86.)
If invalidated, file fresh belated return by filling ITR under normal business.
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