15 June 2015
We have received a notice from CPC U/s 139(9) of IT Act regarding defects in ITR 7 which we have e filed already by us. Notice is mentioning Error Code 57 " The income of Assessee exceed 2 lacks and Audit flag is No." But our Trust/Society is not registered U/s 12A of IT Act and Gross receipts of the Trust/Society is below One crore. We have claimed exemption U/s 10(23C)iii ad of the IT Act. Audit U/s 12A(1)(b) is not required for this. If we have Flag Audit, audit details shall be mentioned and to file Audit report in 10B which is not required for our Trust/Society.