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Notice u/s 142(1) for itr filled u/s 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2013 Dear expert

plz inform me is it possible/legal to issue notice u/s 142(1) to produce books of account for itr filled with no books under Sec 44AD with 8% profit on receipt
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 June 2013 Incase you filed loss or profit less than 8% then notice can be issued
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2013 Sir, i have shown more than 8% profit
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 June 2013 Sec.142(1) allows assessing officer before making assessment call for the details of any assesseee. so it is legal only
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 June 2013 So, here, how can i shows all ledger, cash books etc that i have not maintained any more.....
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 June 2013 You can explain your details with your A.O.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 June 2013 ok , thanks

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