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.
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
