Invalid return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2017 I AM A DOCTOR AND PRACTICING IN PRIVATE HOSPITAL AND RECEIVED CONSULTANCY FEES RS. 20000/- PM FIXED AND DEDUCT TDS @ 10% I.E 2000/- PM SO TOTALTDS WAS RS. 24000/- FOR THE F.Y. 2015-16. WHEN I FILED MY INCOME TAX RETURN AS NOT MAINTAINING BOOKS OF ACCOUNTS AND PUT 2,40,000/- AS INCOME TO GET REFUND BUT THEY HAVE CONSIDERED MY RETURN AS INVALID. I HAVE NOT PREPARED P&L AND BS TO KINDLY ADVICE ME WHAT TO DO ???

THANKS IN ADVANCE

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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12 February 2017 You have to rectify entering Gross profit expenses net profit, Debtors, creditor, cash balance etc, regenerate xml under second 139(9)

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2017 I HAVE NOT MAINTAINED ANY ACCOUNTS. WHAT I RECEIVED WAS RS. 2,40,000/- (20,000/- MONTHLY/ 2000/- MONTHLY TDS) WHICH I SHOWN IN GROSS RECEIPTS AND NET PROFIT WOULD BE ALSO THE SAME I.E 2,40,000/- EXPENSE WOULD BE ZERO SO MY TAXABLE INCOME WAS 2,40,000/-. I HAVE SHOWN MY TOTAL INCOME AS TAXABLE SO WHY THEY ASK ME TO MAINTAIN BOOKS OF ACCOUNT AND CONSIDERED AS INVALID RETURN. I HAVE NOT TAKEN CLAIM ANY EXPENSE IN MY RETURN JUST SHOW FULL AMOUNT AS INCOME AND FILE RETURN. WHAT IS THE SIMPLE WAY TO RECTIFY MY RETURN ???

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

15 February 2017 Don't fill balance sheet or profit and loss account, you fill detail below the p& L or B/s column such as Debtors, creditor, Stock, Cash balance same way in p& L you have to fill Gross receipts, expenses Gross profit and net profit column fill generate xml quoting original return ack number and date and CPC Notice number and date by choosing return u/s 139(9) and upload same in online login.