Error code 23 and 14

Efiling 2239 views 6 replies

Guest

Hi,

I have received notice u/s 139(9) mentioning error codes 23 and 14

Error code 23: Total of amount deducted in Sl.no.2,3,4 and 5 of Schedule BP should be consistent with Total credits in the P and L Slno.5

And

Error code 14: negative figure in gross/ net profit in item 51

I contacted both CPC and e filing helpline. They have explained the procedure of rectification but could not tell me why the original return was wrong.

I am aware that u/s 44AD 8% NP has to be shown. But in my case there is no turnover in that particular business. There are indirect expenses Rs 2500/-, due to which there is a net loss of Rs 2500/-. Also, I have used form ITR4 and not ITR4S as presumptive taxation is not applicable in absence of turnover. I have shown the other salary, IFOS details and paid tax.

Kindly Help.

Replies (6)

Manoj Mehta

Head Of Department (Accounts & Finance)

1479 Points Joined March 2009

Dear madhvi you case is of defective return. According to this error you have not fiilled your balance sheet and p&l schdl properly so the amount has not forwarded to pgbp scdhl. Also losses are not given directly by I.t cpc dept and hence they are asking for the details of the same. Hence I suggest you to prepare estimated a/c for the same and then file your return using the password and refrence no provided in the letter you have got. I hope this will solve your query. Regards

Guest

Originally posted by : Manoj Mehta
	Dear madhvi you case is of defective return. According to this error you have not fiilled your balance sheet and p&l schdl properly so the amount has not forwarded to pgbp scdhl. Also losses are not given directly by I.t cpc dept and hence they are asking for the details of the same. Hence I suggest you to prepare estimated a/c for the same and then file your return using the password and refrence no provided in the letter you have got. I hope this will solve your query. Regards

Thank for the reply! ButI can't understand as to why should I change the return in any way if there is no actual error? The amount deducted in Sl.no.2,3,4 and 5 of Schedule BP is Zero which is consistent with Total credits in the P and L Slno.5 which is also Zero.
What happens if I rectify the return exactly in the same way in response to notice will it be invalid?

CA Saroj Kumar

Keen to learn something new every moment

2588 Points Joined June 2010

Dear madhvi this eroor pertains bcs of there is a requirement in XML for tth blank filed u should have to put 0 or more if u do not put it automatically will generate a defective return and correspondinlgy u will be notified under 139(9).

To save urslef from thses type of error u should fill all deta once and then go to the section under which u r filling ur return and change it as 139(9) it will preview of all thses figure ractify it and then upload.

Please go this link .

https://www.computaxonline.com/download/Help_to_e_file_1399.pdf

CA Ankita Karia

100 Points Joined February 2010

Hello,

I did filed response to notice for defective return, but the method was different from what is displayed in the link given.

Its more or less same as the normal procedure of filing return, only difference being , we have to select 'e-file in response to notice u/s 139(9)' ; and mention the notice number, date, verification pin & upload the corrected XML of return form.

Did I do anything wrong in filing the response??

Thanks

Chandresh Jain

Senior Associate

21 Points Joined July 2014

Hello Madhavi I have got the same notice under section 139(9) error codes 14 and 23. I have done F&O transactions and net profit is negative. Also, the amount deducted in Sl.no.2,3,4 and 5 of Schedule BP is Zero which is consistent with Total credits in the P and L Slno.5 which is also Zero. What should i do?