Notice u/s 139(9)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2017 Sir/Madam,

My friend has working as a real estate agent and his income is 6L per annum and filed itr4 under 44ADA for the a.y.2017-18. But he received notice u/s 139(9), kindly suggest me how to respond , can he file revise return? if yes, which itr he can choose ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 October 2017 Yes file revised return ITR 3.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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26 October 2017 What is the nature of income, if he earns commission than itr 3 to be filed for Ay 2017-18

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Querist : Anonymous

Querist : Anonymous (Querist)

27 October 2017 Thank you sir, income from agent commission only, if he file itr3 for the a.y.2017-18 can he prepare p&l a/c and assts& laib, but he didn,t have any assets.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 October 2017 In case of no assets fill the balance sheet with bank balance and treat it as your capital.

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2017 Sir plse tell me , if he file itr3 now, can he revise u/s 139(5) or response to notice u/s 139(9). Thank you.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 October 2017 File ITR 3 in response to 139(9).