Sreevidhya V 23 October 2019
for one of the client, we received a notice under section 143(1)(a)
the prblm stated is produced below
1. in Schedule BP sl no A13, ie profit or loss after adjustment for depreciation (10+11-12iii) and the sum of amount entered in sl no 10+11-12iii are inconsistent
same kind of 3 more queries are rised by cpc
while chkng i don't see any discrepancy as sl no 10 is auto populated (loss) and sl no 11 and sl no 12 i don't hv any amounts to enter.
and sl no 13 auto populated...
now how to reply for this notice.. cn anyone guide pls....
sabyasachi mukherjee 25 October 2019
Sec 143 (1)(a)
this is a communication for such an adjustment under section 143 (1) (a) is sent to taxpayers wherein there is a mismatch of the income/ deductions / exemptions reported in the Income tax return and in the income / deductions / exemptions as in the return.
In the above case in schedule BP PROFIT OR LOSS AFTER ADJUST. FIG IS INCONSISTENT.
I WILL APPRECIATE YOUR EFFORTS IF U SEND ME THE SAME AT sabyasachimukherjee7098 @ gmail.com.