05 November 2017
139(9) intimations are being issued to cases filed under 44ADA where books are maintained under 44AA filled YES Part A of Balance Sheet is filled and Profit loss account is not filled but gross receipts and net profit is filled in which Net Profit is more than 50% of Gross Receipts. What could be the reason?
Should we say no at 44AA requirements or fill Profit Loss Account with the figures again exceeding 50% of Gross Receipts?
CAclubindia
