13 January 2014
I have filed ITR V for my business return. I had no income transaction during the AY 2012-13. I had some expenses and hence have shown total NET LOSS.
IT department ( Bangalore office) have sent me notice u/s 139(9) saying my IT return for AY 2012-13 as defective.
1) I would like to know the reason for such notice? 2) Do I need to audit for my NET LOSS return though my I have no income transaction whatsoever and file return agains or simply reply to IT department of having no income and hence account not audited? 3) How can I reply to such notice ?
13 January 2014
Some time this problem occurs due to leaving cell blank. if you don't have any income you need to put Zero in the place specified. your notice may also enclosed the reason for such defects so you can also refer the same. you may need to revise your return on the basis of such requirements. Consult your tax consultant.