14 March 2015
I filed Return of Income ITR-4 on 31.07.14 for A Y 2014-15 declaring loss from Business or Profession and Income from salary. I have asked the loss to be c/f
Now i have recd notice u/s 139(9) saying the return has certain defects and should be rectified within 15 days
The errors are Code 32 - assessee has claimed loss but not filed b/sheet and p & l a/c and has not got the books of account audited
However It is not compulsory for the assessee to maintain books of accounts and get audit done because the turnover is below threshhold limit of compulsory audit
Code 23 - where assessee furnish total of amount deducted in Sl no.2,3,4 and 5 of schedule BP should be consistent with total credits in the p & l Sl no 5
However in schedule BP no amount has been entered against sl no 2,3,4 and 5 and p & l sl no 5
Code 14 - Assessee entering negative amount in gross profit or net profit
In gross profit no negative amount is entered. There is negative amount in net profit since expenses are more than receipts. the negative figure comes automatically
My question is how the rectify the above defects ?
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