28 May 2018
Hello I have income from partnership firm and also have loss in share market i have filed ITR-3 for assetment year 2017-18 i have got this notice
310
Taxpayer having income under the head “Profits and gains of Business or Profession” but has not filled Balance Sheet and Profit and Loss Account as required in explanation (d) under section139(9) read with section 44AA.
28 May 2018
You need to now file BalanceSheet and Profit and Loss Account, visit your account on efiling site and remove discrepancies by filing the desire information
In a case where regular books of account of business or profession are not maintained -(furnish the following information as on 31st day of March, 2017, in respect of business or profession).
30 May 2018
if you are showing loss, then you need to fill the full balance sheet and P&L. You need maintain the records as per 44AA. Notice is self explanatory here!
CAclubindia
