21 March 2018
Hi, can any one solved my query i have file income tax return for the asst Yr 2017-18 and recd 139(9) notice which is containing defective return and shows in part -A taxpayer having income under the head profit & gains of business or profession but has not filed balance sheet & p/L a/c as required in explanation(d) under 139(9) read with section 44AA . I want to go for 44ADA now but my net profit is less than 50% in filed original income tax and it will be liable for 44AA & 44AB what to do now ?? PLEASE REPLY SOON because 31/03/2018 is last date for filing of return otherwise it wont be invalid.
21 March 2018
First of You ll Elobrate Your query...
* What is your nature of Business / Income
* What is your Turn Over
* What about Your transactions
CAclubindia
