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Filling of return

kiran kumar jorige (nellore) (49 Points)

30 January 2017

Respected sir, I filled It return of ITR 4 for A.Y.2015-16 ..But in the return i was shown Presumptive Income...and have a Partnership Firm income that'y i filled ITR 4 instead of ITR 4S... Now i received a notice U/s.139(9) as P&L and balance sheet didn't mention in the return ....Now my question i was showed Presumptive income...what i am doing Now please advice me

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3 Replies

MD. RAFI (Manager Accounts (future CA)) (670 Points)
Replied 30 January 2017

since you have business income & filled itr4, you should fill return u/s 139(9) defective return, prepare a PL & BS, fill pl ac then show it as presuptive profit in business income.

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MD. RAFI (Manager Accounts (future CA)) (670 Points)
Replied 30 January 2017

since you have business income & filled itr4, you should fill return u/s 139(9) defective return, prepare a PL & BS, fill pl ac then show it as presuptive profit in business income.

MD. RAFI (Manager Accounts (future CA)) (670 Points)
Replied 30 January 2017

since you have business income & filled itr4, you should fill return u/s 139(9) defective return, prepare a PL & BS, fill pl ac then show it as presuptive profit in business income.