Notice under section 139 (9)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 November 2016 Dear ,

My query is regarding notice under section 139 (9) , filled ITR 4 in no account case for FY 2015-16 income is just 168000/- so i have not mention in balance sheet & mention in profit & Loss a/c gross receipt & upload return now i got notice under section 139 (9) saying taxpayer having income under the head profit & gain of business or profession but not filled balance sheet & profit & loss a/c. so what is the solution for this.
I have to mention in balance sheet but where as in no account case there are only 4 option debtors, creditors, cash bank & stock in trade . i think its should be in debtors i want to confirm it before filling revised return for notice or any other option.

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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07 November 2016 As per section 44AA of Income Tax Act,1961 the assessee has to maintain prescribed books of accounts if his profit is more than Rs. 1,20,000 and/or his turnover is more than Rs. 10 Lacs in any of the 3 preceding previous year.
Hence if in your case condition above fulfills, then you have to maintain books of accounts, no other option available and file return u/s 139(9) with complete balance sheet and profit & loss account.

Querist : Anonymous

Querist : Anonymous (Querist)

07 November 2016 thank you but what if that person annual income is 168000/- & he fill return to claim only his TDS ded. on that income which is 16800/- how can he filled balance sheet part for that?

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CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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08 November 2016 Make a balance sheet for his business or profession.

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2016 thank you so much, is income tax website has problem bocz from last week i am not able to view notice under section 139 (9).

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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24 November 2016 Put grievance redressal from login section of the assessee. Income Tax Department will solve your this problem.

Querist : Anonymous

Querist : Anonymous (Querist)