29 October 2016
Thanks in advance... we had filed ITR-4 for one consultant in which he is getting some professional fee of Rs.20,000 p.m and the company is taking TDS of Rs.2000 pm,since he had no other income for AY 2016-17(py 2015-16). We filed return mentioning some TDS receivables within due date,hence he didnt maintaining any books, so,we didn't filled any figures in Balance sheet data column...Two days back he got a message from it dept that, due to not mentioned any data in balance sheet column , the return got defective and our response to that my query is, since there is no data available to fill balance sheet information, what will we do further..??,any issue for refund..??,again we have to rectify/revise the retrurn..??
29 October 2016
Yes, u will have to revise the return of income and fill the data in the Balance Sheet. Unless and untill the return is revised and properly file and processed at CPC, the refund will not be paid. Revise the return of Income ASAP.
CAclubindia
