11 January 2023
No option to reply the notice now. The return will be processed as per suggestion provided in the notice. After that if you wish you can rectify it, u/s. 154 of IT act. Or if any additional tax liability arises, you can update it u/s. 139(8A) of the act.
In this case assessee turnover is 1.5 cr and also receipts and payment is less than 5% in cash. Therefore not liable for tax audit u/s 44AB. But they have raised defective notice for account not audited.
Please advise can we write letter to AO for condonation of delay .
17 January 2023
The same option should have been selected in ITR. It seems the option of 'receipts & payments less then 5 %' not properly selected. You may state the fact in writting to your Jurisdiction ITO... Hope he can help you in this matter...
CAclubindia
