Rectification u/s 139(9)
This query is : Open
04 February 2015
Got a rectification notice from IT dept. with the following errors:
1.error 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 and L Slno.5 As the ITR was for a case where Books of account were not maintained (individual), no figures were entered in sl no. 2,3,4,and 5 of schedule BP (they are zeros) and total credits in P&L sl no 5 are also zero. Only serial no 51 of P & L were filled. Please advise how can I correct this defect?
2. Error code 14 -- Assessee entering negative amount in gross profit or net profit. Here I only filled figures in sl no 51 a,b and c (Gross receipts, gross profit and expenses). Net profit is a negative figure. So what should do?
While submitting the rectification it displays “in No Account Case, Gross Profit should not be Negative”
How to rectify this
Please help me
1.error 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 and L Slno.5 As the ITR was for a case where Books of account were not maintained (individual), no figures were entered in sl no. 2,3,4,and 5 of schedule BP (they are zeros) and total credits in P&L sl no 5 are also zero. Only serial no 51 of P & L were filled. Please advise how can I correct this defect?
2. Error code 14 -- Assessee entering negative amount in gross profit or net profit. Here I only filled figures in sl no 51 a,b and c (Gross receipts, gross profit and expenses). Net profit is a negative figure. So what should do?
While submitting the rectification it displays “in No Account Case, Gross Profit should not be Negative”
How to rectify this
Please help me
04 February 2015
for error code 14: ensure that all cells from 51 (a) to (d) are filled in, even if it is NIL.
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