How to reply notice u/s 139(9) if the turnover of the firm has been wrongly mentioned in the Audit Report and the return has also been filed with same turnover?
Payment in 26AS is higher than the total turnover mentioned in return.
Kindly suggest.
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Reply u/s 139(9)
Replies (9)
First, how such thing happened?
Second, the future action will depend upon that how much difference there is in 26AS & Books and why?
Second, the future action will depend upon that how much difference there is in 26AS & Books and why?
Sir,
Thanks for your reply.
Its a calculation mistake.
Total Payment received by an assessee is Rs. 61,17,857.00 which is reflecting in Form 26AS and in return of income the total payment has been shown is Rs. 58,47,612.00
So the difference is of Rs. 270245/-
1) Audit Report is also showing 58lakhs as Gross Receipt?
2) Which method you are following Cash or Mercantile?
2) Which method you are following Cash or Mercantile?
Sir, you can file revised return U/s 139(5).
1) Yes
2) Mercantile System
Tell me one more thing is your Bank tallied?
My bank is tallied with Form 26AS
If your Bank is tallied it means you have shown such difference of ₹270245 somewhere in your books of accounts, now what you can do is treat such amount as Advance Received and claim proportionate TDS in return of FY 2017-18 & balance in FY 2018-19 by booking such income in books. I think this will resolve your problem.
| Originally posted by : CA Ankit Garg | ||
 |
1) Audit Report is also showing 58lakhs as Gross Receipt?2) Which method you are following Cash or Mercantile? |  |
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