Itr 3 - presumptive scheme u/s 44ada - ay 2018-19

For presumptive asessment u/s. 44ADA you are supposed to fili only sr. no. 53 (ii) of P&L sheet and sr. no.6 of BS

Sheet BS::

Sir, But nowhere in BS & P&L it is mentioned that I am filing u/s 44ADA. This information is to be filled in schedule BP. 

The following part of sheet BP is auto filled.........

In sheet 'General Information' you have to select....... no books of accounts maintained & no tax audit liability u/s. 44AB.........

Agreed, If you see item 4 and 36 in BP, we have to fill in the info relating to 44ADA. If I fill in the info in 36 it takes the figure in item 4 and reduce from item 1 in BP, subsequently it adds up and arrives at orginal figure in item 37 in BP. Hence it is not giving 50% deduction. 

1. The 50% over gross receipts is to be added in Sr. 53(ii)(b) itself... i.e. 50% of 53(ii)(a)  in 'Sheet P&L'

2.  After validation of 'sheet TI-TTI'  press 'calculate tax' below 'validation' to generate tax liability.....

Sir Dhirajlal, I filled in exactly as you have explained. 

I am a doctor having some salaried income and some from professional practice. I also have a small income from foreign country as a consultant.  
I therefore filed ITR 3 in AY 2018-19 as I need to show foreign income in Schedule FSI. 
As I do not maintain books of account, I opted for Presumptive Income from Profession (44ADA) and thus selected the No Accounts Case in ITR 3 (General Section).

On Balance Sheet page, I filled only sec 6 (No Accounts Case) as follows:
Sundry Debtors = 0
Sundry Creditors = 0
Stock in trade = 0
Cash balance = 0

On Profits and Loss Account page, I filled only sec 53 (ii) for Professions (No Accounts Case) as follows:
Gross Receipts = 900000/-
Gross Profit = 450000/- (i.e 50% of Gross Receipts to show Presumptive Income)
Expenses = 0
Net Profit = 450000/-

The Schedule BP - Computation of Income from Business or Profession thus reflected:
A: From Business or Profession
1: Profit before tax as per profit and loss account (item 45 and 53 of Part A-P and L ) = 450000/-

4. Profit or loss included in 1, which is referred to in section 44AD/44ADA/44AE/44B/44BB/44BBA/44BBB/ 44D/44DA/ Chapter-XII-G/ First Schedule of
Income-tax Act = 450000/-

36. Profits and gains of business or profession deemed to be under -
ii Section 44ADA = 450000/-

37. Net profit or loss from business or profession other than speculative business and specified business (35 + 36xi)) = 450000/-

38. Net Profit or loss from business or profession other than speculative business and specified business,after applying rule 7A, 7B or 8), if applicable (If rule 7A, 7B or 8 is not applicable, enter same
figure as in 37) (If loss take the figure to 2i of item E) = 450000/-

The computation of income page thus reflected:
PART B - TI (Computation of Total Income)
3. Profits and gains from business or profession
i Profit and gains from business other than speculative business and specified business
(A38 of Schedule-BP) (enter nil if loss) = 450000/-

vi Total (3i + 3ii + 3iii + 3iv + 3v) (enter nil if 3vi is a loss) = 450000/-

However, I still received a notice u/s 139(9) with error code 311 that "Taxpayer having income under the head Profits and gains of Business or Profession but has not filled Balance Sheet and P & L Account...". 
The probable resolution that the notice mentions is "The Part B of the P & L account and part B of the Balance Sheet (i.e. No Account Case Section) should be entered in the corrected return.."

But as you can see above, i have indeed filled data for both P&L and Balance Sheet under presumptive income by taking 50% of Gross Receipts. 
And I have filled all the other sections to show my salary and other income. Still I am getting this notice. Please help.

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