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....
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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.