Notice u/s 143(2) for detailed assessment

Tax queries 294 views 4 replies

ITR was filed u/s 44AD (presumptive taxation). Now notice has come u/s 143(2) and it is asking to submit any evidence relied for filing return of income. No specific documents have been mentioned.

  1. What kind of documents should be submitted. Detailed accounts were not prepared as the return was filed u/s 44AD?
  2. Can we submit a response just asking for more clarification on data / document needed?
  3. Can the AO ask us to prepare detailed accounts and file financials in such cases.
Replies (4)

This is your first notice. At this moment, just submit a computation of Income. AO will share a detailed questionnaire later. 

Very interesting though that they have issued a notice for 44AD case. 

I have also received same notice where TDS deudcted u/s 194J and we filed return in 44ad as business was in nature of "Other services n.e.s" Business code selected was 16019. 

 

How to response on this ? 

same as above and then wait for detailed questionnaire. engage a CA if required. 

Now they are asking for P/L and B/S u./s 142(1). Is it valid to ask for financial statement when return was filed u/s 44AD.


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