Notice u/s 139(9)
I have filed ITR 7 for AY 2014-15....now I have received a notice u/s 139(9) to rectify the defect.....to disclose balance of non corpus fund as on 31.03.2014......by doubt is which balance I have to show here 1. whether it is excess of income over expenditure for the year 2013-14 2. capital fund balance as on 31.03.2014 which is totally non corpus 3. closing cash and bank balances as on 31.03.2014
Replies (1)
Non Corpus fund means fund other than capital fund. In short it means 'reserves' or in your case 'excess of income over exp' on balancesheet as on 31/03/2014.
Kindly send the exact errors in the ITR 7 as stated in the notice u/s 139(9) so that clear defects may be discussed
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