One of my client received a demand because the "income form house property" was shown under clause 16D of 3CB-3CD form. But while computing it was shown in under head Income From House Property. But assessing officer have included the same in the PGBP income.
To not repeat the same what would be the correct method for the above problem?
18 Replies
Sai Allu
(754 Points)
Replied 22 August 2022
3CD (audit report form), clause 16(d) asks about the amount of any other item of income not credited to the profit and loss account. In most of the cases, people don't credit income from sources other than the source of business / profession to the profit and loss account and credit the same to the capital account.
Share knowledge
(Job)
(47 Points)
Replied 22 August 2022
How To Deal with Section 143(1) Notice/Intimation for Tax Audit Report Clause 16(D)
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 22 August 2022
Provide your mail id, I will share you the whole procedure.
HARSHA BHAT
(180 Points)
Replied 23 August 2022
Same problem even i have faced.. please do share solution.
sabyasachi mukherjee
(27574 Points)
Replied 23 August 2022
Revise the return and again file a return.
HARSHA BHAT
(180 Points)
Replied 23 August 2022
It is the tax audit report for AY 2021-22 NOW tax audit report Could it be revised?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 23 August 2022
As such NO....
But rectification request can be filed........ Finally, go for appeal...
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 23 August 2022
Unable to paste link here, so please provide your mail id.
sudhir keshari
(9 Points)
Replied 24 August 2022
Same problem is here please provide proper solution for it sudhirkeshari @ gmail.com
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 26 August 2022
Just mail me once @ rash.0903 @ gmail.com
Dixit
(ACCOUNT MANAGER)
(24 Points)
Replied 16 March 2023
Pls share the same procedure on my email id djandassoc @ gmail.com
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