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Doubt regarding defective return

Priyanka.S (Articled Student) (168 Points)

07 March 2017

A notice u/s 139(9) came for defective return stating an error code of 810, i.e. Amount credited to P&L a/c have been reduced in Schedule BP Stating they have been consider under Income from salary,Other sources,Exempt Income. But we have Properly debited/shown under respective heads.Still a notice came under Error Code 810.Is there any correction to be made w.r.t this Defective Return?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178334 Points)
Replied 07 March 2017

" But we have Properly debited/shown under respective heads.Still a notice came under Error Code 810"

Get it verified personally from any expert. There must be something btw P&L and BS which is not proper.

I can assume only that the defect could be any mixture of income of business with any of the other 3 heads.

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Priyanka.S (Articled Student) (168 Points)
Replied 07 March 2017

Amounts credited to p&l are Salary(deducted in PGBP & shown under Salaries Head),Interest accrued on PPF(Deducted from PGBP and shown under Exempt Income),Interest received from banks(deducted from PGBP and shown under Income from Other Sources).These amounts has been correctly deducted and reflected under other heads.Rather than that any corrections to be made?

Sanjay S (Chartered Accountant) (1375 Points)
Replied 07 March 2017

Hey...

Firstly, In the schedule BP, maybe the 'Interest from PPF' has been shown under clause 3. This has to come under Clause 5(c) and parallely under Schedule EI.

Secondly, cross-check the figures deducted under clause 3 & 5 in Schedule BP with those shown under the respective heads. If the amount shown in the respective heads are lesser than the figures shown under Sch. BP, in some instances, it might be treated as defective.

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