Hello
One Partnership Firm received a Notice u/s 139(9)
with the Error under Annexure - A
Error Code : 2
Error Descriptttion : No Receipt or Income has been offered in any heads of the Income for the TDS/TCS Claimed in the Return.But after Interest and Remuneration the Taxable Profit is Zero.
So is the ITR Defective for claiming the TDS which was actually shown in the Total Receipt.
Hence Net Taxable Income : 0
Now as the Total Income is more then 8% before Interest and Remuneration to Partner hence the asseesee went under 44AD, which net taxable income being Zero and refund for the TDS.
what is your view on it?
CAclubindia
