Covid19 Alert : Keep Social distance and utilize your time by joining CA CS CMA online classes at 30% disc Coupon: SAFE30 Call : 1800-3000-0505

Notice u/s 139(9)of income tax ---error 86


Shaheen S   07 September 2018

Shaheen S

 3 likes  38 points

| My Other Post

As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons
carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on any agency business.As seen from the return of income filed,
the nature of business code mentioned is which falls in the categories mentioned above. Hence, the provisions of
Sec.44AD are not applicable, in your case.
As the provisions of Section 44AD are not applicable, in your case, the claim of computing profits and gains of
business on presumptive basis, under this special provision is not allowable. Hence, the above defect has to be
corrected by way of computing the profits and gains of business under the normal provisions and not under
Sec.44AD and offering the same.

The nature of business is 14005 - Other IT enabled services. It is not consultancy, agency or commission. I provide administrative services to foreign companies and I employ other people to get the job done. 

Please help me with what I need to do here. 

Thank you in advance for any help.

avater

Karthi (Tax Consultant)     08 September 2018

Karthi
Tax Consultant 
 52 points

View Profile | My Other Post

Type your commission income on sales Turnover and refile your return..

avater

Shaheen S   09 September 2018

Shaheen S

 3 likes  38 points

View Profile | My Other Post

There is no commission income. I provide administrative services and employ people to do the job.

Should I change Nature of Business to some other code? 

Thanks


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »