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44AA

Suresh Pai S (Tax Consultant) (1029 Points)

15 August 2017

We had a lot of cases where 44AA was applicable but we choose to file by option, 'profit without books of accounts'. Still, ITR is processed without asking for books.

Why IT department is ignoring it?

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 15 August 2017

Lack of processing tools........... which are slowly and steadily increasing every year........

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Suresh Pai S (Tax Consultant) (1029 Points)
Replied 15 August 2017

But the thing is that in these cases, they sent notice because we didn't fill the balance sheet. Just filled the profit and loss a/c by adopting the profit without books of accounts. In the notice they expressly mentioned that 44AA is applicable in your case. But still we filed using the 'without books option' and they accepted our revision.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 15 August 2017

Once you have filled P&L account without BS.......... notice received.........

You corrected with adding BS to the form.......... system accepts it as per books of accounts.

(Because without maintaining books of accounts these details cannot be filled......... is as per provisions.......... System doesn't know...... Indian Jugad...........)