Section 44AA - Maintenance of Books of Accounts
This query is : Open
20 December 2010
> IT Return (ITR IV) of a proprietory business has been filed electronically u/s 139(4).
> Section 44AA was applicable to the business, but in the Return it was set at NO.
> Balance Sheet and P & L a/c were filled as per NO ACCOUNT CASE.
> There is a REFUND of TDS amounting to Rs. 17000 /-.
> ITR V has not yet been posted to Banglore.
Please suggest a remedy as soon as possible so that the client gets the refund without much hassel.
> Section 44AA was applicable to the business, but in the Return it was set at NO.
> Balance Sheet and P & L a/c were filled as per NO ACCOUNT CASE.
> There is a REFUND of TDS amounting to Rs. 17000 /-.
> ITR V has not yet been posted to Banglore.
Please suggest a remedy as soon as possible so that the client gets the refund without much hassel.
20 December 2010
You have not mentioned whether books are maintained or not. In this case you shuld revise the return and send ITR V to Bangalore if the assessee does not have digital signatures.
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20 December 2010
Sir, books have been maintained by the assessee, but originally the return was filed under section 139(4), i.e. a belated return has been filed. Can it be revised; if yes, how.
Please assist.
Please assist.
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