Help needed - communication u/s 139(9) for the a.y.2018-19

Error Descripttion:

 

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 seen from the return of income filed,
the nature of business code mentioned is which falls in the
categories mentioned above. Hence, the provisions of
Sec.44AD are not applicable, in your case.

 

Probable Resolution:

 

As the provisions of Section 44AD are not applicable, in
your case, the claim of computing profits and gains of
business on presumptive basis, under this special provision
is not allowable. Hence, the above defect has to be
corrected by way of computing the profits and gains of
business under the normal provisions and not under
Sec.44AD and offering the same.

 

Plz, help me what can i do in this case?

Replies (6)

File ITR3 with P&L acc & BS, in response to the notice.

i don't keep balance sheet

Some data must be filled, as per assets and liabilities of the business with bank balance and cash at hand.

Hello,

 

Could you please help me in this matter? Plz PM me?

Gross Receipt is 7L and profit is 3.5L, so will i have to select Yes in Are you liable to maintain accounts as per section 44AA? and after selecting this yes profit and loss can i enter data in NO ACCOUNT CASE (53)?

Also should i enter balance sheet data? i don't have any accounts with me nor any book has been maintained.

 

plz help

Gross Receipt is 7L and profit is 3.5L, so will i have to select Yes in Are you liable to maintain accounts as per section 44AA?
CORRECT.
 
 
and after selecting this yes profit and loss can i enter data in NO ACCOUNT CASE (53)?
NO.
 
Also should i enter balance sheet data? i don't have any accounts with me nor any book has been maintained.
Take help of any professional.

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