Section 139 (9) - defective return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2013 Hi all!!
We have recd a notice which states " assesse has claimed loss under the head Business and profession; however has not filled BS and P&L and not got the books audited." (error code 32) I have following queries:
1) If we claim loss (which we have), is it mandatory to fill complete p&L? We had filled " No accounts case" part because proper books are not maintained
2) Do we have to get the books audited?
The t/o does not crosses 60L or 1 Cr
What should be appropriate response to the notice.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 December 2013 yes it is required. You don't have to respond to the notice. Kindly prepare the Balance Sheet and P&L and get it audited. Refile the income tax return and upload the audit report online.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 December 2013 and the above needs to be done within 15 days of receiving the notice.

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