Please help me on the below given issue as the ITR has been treated as defective return. I shall be highly obliged to you for your guidelines.
error description ============ As per rule 12 (1)(ca), a person deriving income under the head “profits or gains from business /profession” and such income computed in accordance with special provisions of section 44AD or 44AE or 44ADA, is required to furnished return in ITR-4. The Return of Income is filed using ITR 4, however, income from business or profession under section 44AD or 44AE or 44ADA is not disclosed
Probable Resolution ============== ITR 4 is not applicable to your case since income from business or profession under section 44AD or 44AE or 44ADA is not disclosed. If you do not have any income from business or profession under section 44AD, 44AE or 44ADA, then kindly file corrected Return using ITR 2 (for individuals and H.U.F) or ITR 5 (In case of Firm)
25 May 2020
i am not agree with u miss sharma from this query it is clear that he has file ITR 4 and derived business income but there is error as it now shown under a proper head that why return is defective ..why he should file ITR2 if he have business income
CAclubindia
