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i am having 44ad income of 5lacs and agriculture income of 90k and i hv filled 44ad income seperately (as provided in schedule p&l) and schedule bp automatically reflectng the 44ad income and tax also calculated accordingly.....but while saving the X M L it is showing ...please ensure p&l and bs are filled if not retrun vl b treated as defective 139(9) .....wat to doooo?
Replies (8)
Please fill Balance sheet or balance sheet particulars of no account case and check.
if i opt for no accounts case then b,c interest are calculated as if i am not opting for 44ad....
| Originally posted by : Akhil | ||
 |
if i opt for no accounts case then b,c interest are calculated as if i am not opting for 44ad.... |  |
If you have 44AD income, you have to enter the same in Sr. no. 61 of Profit and Loss account.
Enter gross receipts and calculate 6/8% presumptive income.
As per validation rules, Income under section 44AD/44ADA/44AE is greater than "Zero" then filling of particulars for "No accounts case" (S.No 6) is mandatory. so you have to enter balance sheet particulars(Sundry debtors, Sundry creditors, stock in trade and cash balance)
I don't think section 234B and C interest will be applicable on you..
Also check Sr.No. 64
thanks @ rishabh
| Originally posted by : Kapadia Pravin | ||
|
Also check Sr.No. 64 | |
Do not fill Sr. no 64 if you have income u/s 44AD/44ADA/44AE.
And also no need to fill 1 to 60
| Originally posted by : Kapadia Pravin | ||
|
And also no need to fill 1 to 60 | |
correct
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