Wrong application of sec.44ad
Respected sirs,
one of my client is having income from commission. while filing his IT return, i wrongly used 8% net profit provision.(sec.44AD) for which commission income is not eligible.
1) his income is below tax audit limit.
2) he now has received 143 (1) notice. 3) all the books are submitted to A.O what can be the sequence / penalty that can be imposed?
Replies (2)
143(1) is not notice, but summry assessment order
please check your point
sorry sir, section is wrong. but he received notice from ITO.
my doubt is what is the penalty for filing return in wrong section & in wrong ITR form? pls clarify.
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