09 February 2019
From income tax dept under error code 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. Solution given by incometax dept in their notice.The Part A of the Profit and loss account and Part A of the Balance Sheet should be entered in the corrected return without which the return filed earlier is liable to be treated as invalid.
CASE:My case is income from professional service to the tune of Rs.280000 and capital gain from shares about Rs.200000 and i filled ITR3 coulom 53 for professionals.but income tax dept sent me above notice.What is the solution.